California Legal Codes and Statutes

§ 50668.8

Added by Stats. 1985, Ch. 320, Sec. 2.

The local agency may invest funds held in reserve, or in any sinking fund, or funds not required for immediate disbursement, in property or securities in which the local agency may legally invest funds subject to its control. No such investment shall be made in contravention of any covenant or agreement in any resolution authorizing the issuance of any outstanding bonds.

Cite this section

Cal. Gov. Code § 50668.8 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-1-cities-and-counties/part-1-powers-and-duties-common-to-cities-and-counties/chapter-3-bonds/article-4-limited-obligation-bonds/section-50668.8

Other sections in Article 4 - Limited Obligation Bonds

§ 50665.1§ 50665.2§ 50665.3§ 50665.4§ 50665.5§ 50665.6§ 50665.7§ 50665.8§ 50665.9§ 50665.10…§ 50669.3§ 50669.4§ 50669.5§ 50669.6§ 50669.7§ 50669.8§ 50670§ 50670.1§ 50670.3§ 50670.4

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