Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.
Cal. Gov. Code § 16489
Interfund Purchases, Sales and Transfers of Bond Investments
Added by Stats. 1951, Ch. 208.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.