Bonds and other evidences of indebtedness issued by the agency are legal investments for all trust funds and for funds of all insurers, commercial and savings banks, trust companies, and state schools. Funds that may be invested in bonds of cities, cities and counties, counties, school districts, or other local agencies may also be invested in bonds and other evidences of indebtedness of the agency.
Cal. Water Code § 81432
Financial Matters
Known as the Bay Area Water Supply and Conservation Agency Act
The act spans §§ 81300–81461 (86 sections).
Added by Stats. 2002, Ch. 844, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.