{"code":"HSC","codeName":"Health and Safety Code","section":"34316","citation":"Health & Saf. Code, § 34316","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING [33000. - 37964.]","url":"https://blackletter.si/health-and-safety-code/division-24"},{"name":"PART 2. HOUSING AUTHORITIES [34200. - 34606.]","url":"https://blackletter.si/health-and-safety-code/division-24/part-2"},{"name":"CHAPTER 1. Housing Authorities Law [34200. - 34380.]","url":"https://blackletter.si/health-and-safety-code/division-24/part-2/chapter-1"},{"name":"ARTICLE 4. Powers and Duties of Housing Authorities [34310. - 34335.]","url":"https://blackletter.si/health-and-safety-code/division-24/part-2/chapter-1/article-4"}],"history":"Amended by Stats. 1975, Ch. 1135.","effective":null,"html":"<p>An authority may:</p><p>(a) Invest any money held in reserves or sinking funds, or any money not required for immediate disbursement, in property or securities in which commercial banks may legally invest money subject to their control. </p><p>(b) Purchase its bonds at a price not more than their principal amount and accrued interest; all bonds so purchased shall be canceled. </p>","text":"An authority may: (a) Invest any money held in reserves or sinking funds, or any money not required for immediate disbursement, in property or securities in which commercial banks may legally invest money subject to their control. (b) Purchase its bonds at a price not more than their principal amount and accrued interest; all bonds so purchased shall be canceled.","otherVersions":[],"url":"https://blackletter.si/health-and-safety-code/powers-and-duties-of-housing-authorities-34316","source":"California Legislative Information bulk export (pubinfo)"}