California § 978. 978. (Added by Stats. 1963, Ch. 1715.)

California Statutes

§ 978. — 978. (Added by Stats. 1963, Ch. 1715.)

California § 978.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.3.6.

Title 1.DIVISION 3.6. CLAIMS AND ACTIONS AGAINST PUBLIC ENTITIES AND PUBLIC EMPLOYEES

Part 5.PART 5. PAYMENT OF CLAIMS AND JUDGMENTS

Ch. 2.CHAPTER 2. Payment of Judgments Against Local Public Entities

Art. 2.ARTICLE 2. Funding Judgments With Bonds

This text of California § 978. (978. (Added by Stats. 1963, Ch. 1715.)) 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 § 978. (2026).

Text

Any bonds issued by any local taxing entity under the provisions of this article have the same force, value and use as bonds issued by any municipality and are exempt from all taxation within the State.
Such bonds are legal investments for all trust funds, for the funds of all insurance companies, banks (both commercial and savings) and trust companies, for the state school funds, and for any funds which may be invested in bonds of cities, counties, school districts, or municipalities in the State.

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Any bonds issued by any local taxing entity under the provisions of this article have the same force, value and use as bonds issued by any municipality and are exempt from all taxation within the State.
Such bonds are legal investments for all trust funds, for the funds of all insurance companies, banks (both commercial and savings) and trust companies, for the state school funds, and for any funds which may be invested in bonds of cities, counties, school districts, or municipalities in the State.