Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 1./Title 6.: DIVISION 1. GENERAL/Ch. 5.: CHAPTER 5. Special Assessment and Bond Refunding Law of 1939/Art. 5.5.: ARTICLE 5.5. Refunding of Ad Valorem Tax or Assessment Bonds/§ 59283.
California Statutes

§ 59283. — 59283. (Added by Stats. 1973, Ch. 256.)

California § 59283.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.1.
Title 6.DIVISION 1. GENERAL
Ch. 5.CHAPTER 5. Special Assessment and Bond Refunding Law of 1939
Art. 5.5.ARTICLE 5.5. Refunding of Ad Valorem Tax or Assessment Bonds

This text of California § 59283. (59283. (Added by Stats. 1973, Ch. 256.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 59283. (2026).

Text

The proceeds of the sale of any refunding bonds shall be deposited in escrow or in trust with any bank or trust company within or without the state, or both within or without the state, and shall be secured in accordance with the laws applicable to funds of the local agency and may, along with any other moneys available for that purpose similarly deposited, be invested or reinvested in federal securities. The term “federal securities” means those securities described in Sections 1360 and 1360.1 of the Financial Code or Section 53601 of this code.

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Legislative History

Added by Stats. 1973, Ch. 256.
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California § 59283., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/59283..