California Government Code

§ 53651

GOV § 53651Div. 2 · Title 5 · Part 1 · Ch. 4 · Art. 2

Statute text

Eligible securities are any of the following:

(a)United States Treasury notes, bonds, bills or certificates of indebtedness, or obligations for which the faith and credit of the United States are pledged for the payment of principal and interest, including the guaranteed portions of small business administration loans, so long as the loans are obligations for which the faith and credit of the United States are pledged for the payment of principal and interest.

(b)Notes or bonds or any obligations of a local public agency (as defined in the United States Housing Act of 1949) or any obligations of a public housing agency (as defined in the United States Housing Act of 1937) for which the faith and credit of the United States are pledged for the payment of principal and interest.

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Legislative history

Amended by Stats. 1991, Ch. 1206, Sec. 7.