DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 14. Tribal Housing Grant Program Fund Advisory Committee 15990-15990.3›CHAPTER 1.5 Budget Acts 16343-16344 — Section 16344›ARTICLE 5. Interfund Purchases, Sales and Transfers of Bond Investments 16485-16490
§ 16489
California Government Code · 2026-09 edition · updated 2026-09-27 · 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.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code