{"code":"GOV","codeName":"Government Code","section":"53603","citation":"Gov. Code, § 53603","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 1. Investment of Surplus [53600. - 53610.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-1"}],"history":"Amended by Stats. 1953, Ch. 537.","effective":null,"html":"<p>The legislative body may make the investment by direct purchase of any issue of eligible securities at their original sale or after they have been issued.</p>","text":"The legislative body may make the investment by direct purchase of any issue of eligible securities at their original sale or after they have been issued.","otherVersions":[],"url":"https://blackletter.si/government-code/investment-of-surplus-53603","source":"California Legislative Information bulk export (pubinfo)"}