BlackletterCalifornia law

Water Code § 81656

ARTICLE 2. Financial Matters

Current as of September 28, 2026Wat. Code, § 81656Official source ↗

Added by Stats. 2002, Ch. 849, Sec. 1. Effective January 1, 2003.

Bonds and other evidences of indebtedness issued by the authority are legal investments for all trust funds and for funds of all insurers, commercial and savings banks, trust companies, and state schools. Funds that may be invested in bonds of cities, cities and counties, counties, school districts, or other local entities may also be invested in bonds and other evidences of indebtedness of the authority.