Cal. Pub. Util. Code § 98270
Investments
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2013
As of January 1, 2011
The district may invest any surplus money in its treasury. The county treasury shall act as treasurer of the district and he shall handle such investments as the board determines to make in accordance with the same policies and procedures that he follows in the investment of surplus county funds.
The district may invest any surplus money in its treasury. The county treasurer shall act as treasurer of the district and he shall handle such investments as the board determines to make in accordance with the same policies and procedures that he follows in the investment of surplus county funds.
The board shall pay a reasonable fee to the county for the investment services of the county treasurer.
The board shall pay a reasonable fee to the county for the investment services of the county treasurer.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.