California Public Utilities Code

§ 98270

PUC § 98270Div. 10 · Part 10 · Ch. 6 · Art. 7

Statute text

The district may invest any surplus money in its treasury. The county treasurer shall act as treasurer of the district and he shall handle such investments as the board determines to make in accordance with the same policies and procedures that he follows in the investment of surplus county funds. The board shall pay a reasonable fee to the county for the investment services of the county treasurer.

Legislative history

Added by Stats. 1967, Ch. 978.