Any bonds or other securities so purchased shall constitute a part of such reserve fund, separate fund or special trust account, and any interest or any increment received by reason of such investment and the proceeds of any such resale shall be placed in, and constitute a part of, such fund or account.
Cal. Pub. Util. Code § 13192
Investments
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Added by Stats. 1957, Ch. 2237.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.