California Public Utilities Code ARTICLE 7 - Investments

• Section 12871.
  A district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following:(a) Its own bonds, whether issued...
• Section 12872.
  Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale...
• Section 12873.
  Any bonds, treasury notes, or obligations purchased and held as investments by the district may from time to time be sold and the proceeds reinvested...
• Section 12874.
  Sales of any bonds, treasury notes, or obligations purchased and held by the district shall from time to time be made in season so that...
• Section 12875.
  Notwithstanding any other provision of law, a district which has owned and operated a water distribution or sewage disposal system for at least eight years...

Last modified: October 22, 2018