California Government Code

§ 53356.03

GOV § 53356.03 Effective Jan 1, 1998Div. 2 · Title 5 · Part 1 · Ch. 2.5 · Art. 5

Statute text

The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued pursuant to any other authority where revenue collected pursuant to this chapter is pledged or otherwise committed to pay or repay principal, interest, or both, shall be deposited or invested only in one or more of the instruments, securities, or obligations that are eligible legal investments of the local agency.

Legislative history

Amended by Stats. 1997, Ch. 204, Sec. 1. Effective January 1, 1998.