California § 13118. 13118. (Amended by Stats. 1991, Ch. 1226, Sec. 22.5.)

California Statutes

§ 13118. — 13118. (Amended by Stats. 1991, Ch. 1226, Sec. 22.5.)

California § 13118.

Code PRCPublic Resources Code - PRC

Div. 11.DIVISION 11. RESORT IMPROVEMENT DISTRICTS

Ch. 6.CHAPTER 6. Bonds

This text of California § 13118. (13118. (Amended by Stats. 1991, Ch. 1226, Sec. 22.5.)) 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. Public Resources Code - PRC Code § 13118. (2026).

Text

Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality and shall be exempt from all taxation within the state.
All bonds issued by any area payable from taxes are legal investments for all trust funds, for the trust funds of all insurance companies, the state school funds, and any funds that may be invested in bonds of cities, counties, cities and counties, school districts, or municipalities in the state.

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Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality and shall be exempt from all taxation within the state.
All bonds issued by any area payable from taxes are legal investments for all trust funds, for the trust funds of all insurance companies, the state school funds, and any funds that may be invested in bonds of cities, counties, cities and counties, school districts, or municipalities in the state.

Legislative History

Amended by Stats. 1991, Ch. 1226, Sec. 22.5.

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California § 13118., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/13118..