{"code":"GOV","codeName":"Government Code","section":"53852.5","citation":"Gov. Code, § 53852.5","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 7.6. Temporary Borrowing [53850. - 53858.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-7.6"}],"history":"Added by Stats. 1995, Ch. 784, Sec. 21.   Effective January 1, 1996.","effective":"1996-01-01","html":"<p>Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term that exceeds the term of the notes.</p>","text":"Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term that exceeds the term of the notes.","otherVersions":[],"url":"https://blackletter.si/government-code/temporary-borrowing-53852-5","source":"California Legislative Information bulk export (pubinfo)"}