§ 7263. — 7263. (Amended by Stats. 2006, Ch. 538, Sec. 166.)

California § 7263.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 2.: DIVISION 2. SAVINGS ASSOCIATION LAW
• Ch. 6.: CHAPTER 6. Investment Operations
• Art. 2.5.: ARTICLE 2.5. Other Authorized Investments in Bonds and Securities

Text

Bonds of any other political subdivision, public corporation, or district of the State of California (herein referred to generally as public corporations) having the power, without limit as to rate or amount, to levy taxes to pay the principal and interest of those bonds upon all property within its boundaries subject to taxation by the public corporation, if the net direct debt of that public corporation together with its net overlapping debt does not exceed 25 percent of the assessed valuation of the taxable property within its boundaries according to the
last official equalized county assessment roll.

Legislative History

Amended by Stats. 2006, Ch. 538, Sec. 166. Effective January 1, 2007.