Health and Safety Code section 34316

An authority may:

(a)

Invest any money held in reserves or sinking funds, or any money not required for immediate disbursement, in property or securities in which commercial banks may legally invest money subject to their control.

(b)

Purchase its bonds at a price not more than their principal amount and accrued interest; all bonds so purchased shall be canceled.

Source: Section 34316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=34316. (updated Jan. 1, 1975; accessed Jun. 25, 2025).

Up to date

Verified:
Jun. 25, 2025

§ 34316's source at ca.gov

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Location: https://california.public.law/codes/health_and_safety_code_section_34316

Original Source: Section 34316, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=34316. (last accessed May 12, 2025).