California Public Utilities Code

§ 12871

PUC § 12871Div. 6 · Ch. 6 · Art. 7

Statute text

A district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following:

(a)Its own bonds, whether issued on behalf of the entire district or any special district.

(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

Amended by Stats. 1967, Ch. 926.