§ 32808

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

The authority may invest funds held in reserve, or sinking funds, or funds not required for immediate disbursement, in property or securities in which cities may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement with the holders of any bonds of the authority issued and outstanding.

(Added by Stats. 1951, Ch. 463.)

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California Streets and Highways Code

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