Statute · California Government Code
Cal. Gov't Code § 16489 — Interfund Purchases, Sales and Transfers of Bond Investments
Cal. Gov't Code § 16489
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.
Citator
Cal. Gov't Code § 16489 — Interfund Purchases, Sales and Transfers of Bond Investments is in force in the current edition of the Code, and nothing recorded condemns it.
Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.