Statute · California Government Code
Cal. Gov't Code § 53356.03 — Bonds
Cal. Gov't Code § 53356.03
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1998-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued pursuant to any other authority where revenue collected pursuant to this chapter is pledged or otherwise committed to pay or repay principal, interest,…
Citator
Cal. Gov't Code § 53356.03 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued pursuant to any other authority where revenue collected pursuant to this chapter is pledged or otherwise committed to pay or repay principal, interest, or both, shall be deposited or invested only in one or more of the instruments, securities, or obligations that are eligible legal investments of the local agency.