Cal. Pub. Util. Code § 50205
Investments
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2025
As of January 1, 2011
The district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following:
(a) The district may invest surplus money in its treasury, including money in a sinking fund, in any of the following investments: (1) Its own bonds, notes, or obligations. (2) In any investment or deposit that a local agency may place funds pursuant to the laws of the state. (3) The San Joaquin County Treasury Investment Pool.
(a) Its own bonds.
(b) Treasury notes, certificates of indebtedness, bills, bonds of the United States, or any other evidence of indebtedness secured by the full faith and credit of the United States.
(c) Obligations issued pursuant to the Federal Home Loan Bank Act or the National Housing Act.
(d) Treasury notes or bonds of this State, or of any public corporation, municipal corporation, public district, or political subdivision within this State which are legal as security for the deposit of public funds.
(b) If the district invests surplus money pursuant to paragraph (2) of subdivision (a), those investments shall be in accordance with Article 1 (commencing with Section 53600) and Article 2 (commencing with Section 53630) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.