Public Utilities Code section 40261

All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the state as security for the deposit of funds of the state or of any county, city and county, city, municipality or other public or municipal corporation within the state.

Source: Section 40261, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=40261. (updated Jan. 1, 1965; accessed Sep. 1, 2025).

40260
40261

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Sep. 1, 2025

§ 40261's source at ca.gov

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Location: https://california.public.law/codes/public_utilities_code_section_40261

Original Source: Section 40261, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=40261. (last accessed May 12, 2025).