California Public Utilities Code ARTICLE 4 - Status as Investments

• Section 40260.
  All bonds including refunding bonds issued by a district are legal investments for all trust funds and for the funds of all insurance companies, banks,...
• Section 40261.
  All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank...

Last modified: October 22, 2018