Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the district’s deposits so insured.
Cal. Water Code § 35905
Funds and Warrants
Known as the California Water District Law
The act spans §§ 34000–38501 (855 sections).
Added by Stats. 1951, Ch. 390.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.