DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW 39000-48401›PART 8. BONDS 45100-45932›CHAPTER 7. Direct Assessment Warrants 45900-45932›ARTICLE 1. Project and Government Contract Warrants 45900-45907
§ 45907
California Water Code · 2018-11 edition · updated 2026-10-04 · California
Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in direct assessment warrants of the district.
(Added by Stats. 1961, Ch. 976.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code