California Water Code 31336 – A district may invest such surplus money, as its board deems wise or …
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A district may invest such surplus money, as its board deems wise or expedient in any of the following:
(a) Bonds issued by the district.
Terms Used In California Water Code 31336
- County: includes city and county. See California Water Code 14
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
- surplus money: means any money in any sinking fund established for the purpose of payment of any bonded or other indebtedness or any money in the treasury not required for the immediate necessities of the district. See California Water Code 31335
- United States: means the United States of America, and in relation to any particular matter includes the officers, agents, employees, agencies, or instrumentalities authorized to act in relation thereto. See California Water Code 20
(b) Bonds issued by any school district any part of which is in a county containing any part of the county water district.
(c) Bonds issued by the State.
(d) Bonds issued by the United States.
(e) Registered warrants issued by the State.
(Added by Stats. 1949, Ch. 274.)