Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 32808 — Powers
Cal. Sts. & High. Code § 32808
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The authority may invest funds held in reserve, or sinking funds, or funds not required for immediate disbursement, in property or securities in which cities may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement with the…
Citator
Cal. Sts. & High. Code § 32808 — Powers is in force in the current edition of the Code, and nothing recorded condemns it.
The authority may invest funds held in reserve, or sinking funds, or funds not required for immediate disbursement, in property or securities in which cities may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement with the holders of any bonds of the authority issued and outstanding.