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TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 4. FISCAL AFFAIRS 16100-17700›PART 2. STATE FUNDS 16300-16649.95›CHAPTER 3. Investments 16430-16495.5›ARTICLE 5. Interfund Purchases, Sales and Transfers of Bond Investments 16485-16490

§ 16489

California Government Code · 2020-11 edition · updated 2026-10-04 · California

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.

(Added by Stats. 1951, Ch. 208.)

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California Government Code

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