Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its directors be invested in the warrants of any improvement district within the district.
Cal. Pub. Res. Code § 9887
Improvement District Warrants
Added by Stats. 1975, Ch. 513.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.