California Public Utilities Code

§ 120470

PUC § 120470Div. 11 · Ch. 4 · Art. 9

Statute text

Subject to any agreement or covenant between the board and the holders of any of its obligations limiting or restricting classes of investments, the board may invest any surplus money in its treasury, including money in any sinking fund, reserve fund, or other fund created or established for the benefit of holders of any outstanding obligations of the board, in any of the following:

(a)Its own bonds.

(b)Treasury notes, certificates of indebtedness, bills, bonds of the United States, or any other evidence of indebtedness secured by the full faith and credit of the United States.

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Legislative history

Added by Stats. 1983, Ch. 599, Sec. 1.