Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term that exceeds the term of the notes.
Cal. Gov. Code § 53821.5
Temporary Borrowing
Added by Stats. 1995, Ch. 784, Sec. 19
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.