It is the intent of this article that money available for investment or deposit be invested in securities or deposited in banks and savings and loan associations in such a way as to realize the maximum return consistent with safe and prudent treasury management.
Cal. Gov. Code § 16480.2
Treasury Pooled Money Investments
Amended by Stats. 1976, Ch. 349.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.