California Streets and Highways Code

§ 9615

SHC § 9615 Effective Jul 17, 1984Div. 11.5 · Ch. 3

Statute text

Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and without the state, shall be secured in accordance with the laws applicable to funds of the city and shall be invested in federal securities.

Legislative history

Added by Stats. 1984, Ch. 496, Sec. 1. Effective July 17, 1984.