BlackletterCalifornia law

Government Code § 16489

ARTICLE 5. Interfund Purchases, Sales and Transfers of Bond Investments

Current as of September 28, 2026Gov. Code, § 16489Official source ↗

Added by Stats. 1951, Ch. 208.

Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.