California Statutes
§ 25871. — 25871. (Amended by Stats. 1978, Ch. 415.)
California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 1. PART 1. TRANSIT DISTRICTS IN COUNTIES OF ALAMEDA OR CONTRA COSTA·Ch. 6. CHAPTER 6. Powers and Functions of District·Art. 7. ARTICLE 7. Investments
A district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following:
(a)Its own bonds.
(b)Treasury notes, certificates of indebtedness, bills, bonds of the United States, or any other evidence of indebtedness secured by the full faith and credit of the United States.
(c)Obligations issued pursuant to the Federal Home Loan Bank Act or the National Housing Act.
(d)Treasury notes or bonds of this state, or of any public corporation, municipal corporation, public district, or political subdivision within this state which are legal as security for the deposit of public funds.
(e)In any investment or deposit in which a city, county, or local public agency may place its funds pursuant to law.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 25871. (25871. (Amended by Stats. 1978, Ch. 415.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1978, Ch. 415.