ARTICLE 3. Investments

Article 3 added by Stats. 1949, Ch. 274.

§§ 31335–31339 · 5 sections

• § 31335 As used in this article “surplus money” means any money in any sinking fund established for the purpose of payment of any bonded or other indebtedness or any…
• § 31336 A district may invest such surplus money, as its board deems wise or expedient in any of the following: (a) Bonds issued by the district. (b) Bonds issued by…
• § 31337 The investment may be made by purchase of the bonds or registered warrants or part thereof at the original sale or by purchase after they have been thus issued.
• § 31338 Any bonds or registered warrants purchased pursuant to this article and held may, from time to time, be sold and the proceeds reinvested pursuant to this…
• § 31339 Sales of bonds or registered warrants purchased pursuant to this article and held shall be made in season so that the proceeds may be applied to the purposes…