California § 998.061 - The committee may authorize the State Treasurer to sell all or any part of the bo
Full text of California Public Contract Code - PCC § 998.061 — The committee may authorize the State Treasurer to sell all or any part of the bo, with citation guidance and answers to common questions.
§ 998.061. The committee may authorize the State Treasurer to sell all or any part of the bo
The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such time or times as may be fixed by the State Treasurer. Notwithstanding Section 16754 of the Government Code, the committee may, whenever it deems it necessary to an effective sale, authorize the State Treasurer to sell any issue of bonds at less than the par value thereof. However, the discount on the bonds so sold shall not exceed 6 percent of the par value thereof.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 998.061
What does Public Contract Code - PCC § 998.061 cover?
Section 998.061 ("The committee may authorize the State Treasurer to sell all or any part of the bo") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 998.061?
A common citation format is "Public Contract Code - PCC § 998.061" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 998.061 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.