{"code":"WAT","codeName":"Water Code","section":"45907","citation":"Wat. Code, § 45907","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000. - 48401.]","url":"https://blackletter.si/water-code/division-14"},{"name":"PART 8. BONDS [45100. - 45932.]","url":"https://blackletter.si/water-code/division-14/part-8"},{"name":"CHAPTER 7. Direct Assessment Warrants [45900. - 45932.]","url":"https://blackletter.si/water-code/division-14/part-8/chapter-7"},{"name":"ARTICLE 1. Project and Government Contract Warrants [45900. - 45907.]","url":"https://blackletter.si/water-code/division-14/part-8/chapter-7/article-1"}],"history":"Added by Stats. 1961, Ch. 976.","effective":null,"html":"<p>Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in direct assessment warrants of the district.</p>","text":"Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in direct assessment warrants of the district.","otherVersions":[],"url":"https://blackletter.si/water-code/project-and-government-contract-warrants-45907","source":"California Legislative Information bulk export (pubinfo)"}