Added by Stats. 1949, Ch. 274.
A district may invest such surplus money, as its board deems wise or expedient in any of the following:
(a)Bonds issued by the district.
(b)Bonds issued by any school district any part of which is in a county containing any part of the county water district.
(c)Bonds issued by the State.
(d)Bonds issued by the United States.
(e)Registered warrants issued by the State.
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