DIVISION 10.4. RANGELAND, GRAZING LAND, AND GRASSLAND PROTECTION ACT 10330-10344›CHAPTER 6. Bonds 13100-13129

§ 13118

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality and shall be exempt from all taxation within the state.

All bonds issued by any area payable from taxes are legal investments for all trust funds, for the trust funds of all insurance companies, the state school funds, and any funds that may be invested in bonds of cities, counties, cities and counties, school districts, or municipalities in the state.

(Amended by Stats. 1991, Ch. 1226, Sec. 22.5.)

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California Public Resources Code

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