{"code":"PUC","codeName":"Public Utilities Code","section":"99357","citation":"Pub. Util. Code, § 99357","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 10. TRANSIT DISTRICTS [24501. - 107025.]","url":"https://blackletter.si/public-utilities-code/division-10"},{"name":"PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT [99150. - 99582.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11"},{"name":"CHAPTER 4. Transportation Development [99200. - 99420.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4"},{"name":"ARTICLE 7. Limited Obligation Bonds [99320. - 99383.]","url":"https://blackletter.si/public-utilities-code/division-10/part-11/chapter-4/article-7"}],"history":"Added by Stats. 1971, Ch. 1400.","effective":null,"html":"<p>The county may invest funds held in reserve, or in any sinking fund, or funds not required for immediate disbursement, in property or securities in which counties may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement in any resolution authorizing the issuance of any outstanding bonds.</p>","text":"The county may invest funds held in reserve, or in any sinking fund, or funds not required for immediate disbursement, in property or securities in which counties may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant or agreement in any resolution authorizing the issuance of any outstanding bonds.","otherVersions":[],"url":"https://blackletter.si/public-utilities-code/limited-obligation-bonds-99357","source":"California Legislative Information bulk export (pubinfo)"}