ARTICLE 7. Investments

Article 7 added by Stats. 1963, Ch. 839.

§§ 50205–50208 · 4 sections

• § 50205 (a) The district may invest surplus money in its treasury, including money in a sinking fund, in any of the following investments: (1) Its own bonds, notes, or…
• § 50206 The investment of surplus money may be made by direct purchase of investments at the original sale or by the subsequent investments in the secondary market.
• § 50207 Any investments purchased and held by the district may from time to time be sold and the proceeds reinvested in investments as provided in this article.
• § 50208 Sales of any investments purchased and held by the district shall from time to time be made in season so that the proceeds may be applied to the purposes for…