Water Code section 23981

Any surplus funds and any money held by a district in a sinking or depreciation fund may in the discretion of its board be invested in the warrants of any improvement district within the district.

Source: Section 23981, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=23981. (updated Jan. 1, 1947; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 23981's source at ca.gov

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Location: https://california.public.law/codes/water_code_section_23981

Original Source: Section 23981, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=WAT§ionNum=23981. (last accessed May 12, 2025).