DIVISION 3.5. COSTS IN CIVIL ACTIONS RESULTING FROM ADMINISTRATIVE PROCEEDINGS 800›PART 1. DEFINITIONS 810-811.9›CHAPTER 1. Payment of Claims and Judgments Against the State 965-965.9›ARTICLE 2. Funding Judgments With Bonds 975-978.8

§ 978

California Government Code · 2026-09 edition · updated 2026-09-27 · California

Any bonds issued by any local taxing entity under the provisions of this article have the same force, value and use as bonds issued by any municipality and are exempt from all taxation within the State.

Such bonds are legal investments for all trust funds, for the funds of all insurance companies, banks (both commercial and savings) and trust companies, for the state school funds, and for any funds which may be invested in bonds of cities, counties, school districts, or municipalities in the State.

(Added by Stats. 1963, Ch. 1715.)

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California Government Code

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