DIVISION 11.5. REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS 9500-9707›CHAPTER 3. Issuance of Refunding Bonds 9600-9622

§ 9615

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and without the state, shall be secured in accordance with the laws applicable to funds of the city and shall be invested in federal securities.

(Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.)

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California Streets and Highways Code

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