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DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING 33000-37964›PART 2. HOUSING AUTHORITIES 34200-34606›CHAPTER 1. Housing Authorities Law 34200-34380›ARTICLE 4. Powers and Duties of Housing Authorities 34310-34334

§ 34316

California Health and Safety Code · 2020-11 edition · updated 2026-10-04 · California

An authority may:

(a) Invest any money held in reserves or sinking funds, or any money not required for immediate disbursement, in property or securities in which commercial banks may legally invest money subject to their control.

(b) Purchase its bonds at a price not more than their principal amount and accrued interest; all bonds so purchased shall be canceled.

(Amended by Stats. 1975, Ch. 1135.)

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California Health and Safety Code

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