Water Code section 81432

Bonds and other evidences of indebtedness issued by the agency are legal investments for all trust funds and for funds of all insurers, commercial and savings banks, trust companies, and state schools. Funds that may be invested in bonds of cities, cities and counties, counties, school districts, or other local agencies may also be invested in bonds and other evidences of indebtedness of the agency.

Source: Section 81432, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=WAT§ionNum=81432.­ (updated Jan. 1, 2003; accessed Nov. 3, 2025).

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Verified:
Nov. 3, 2025

§ 81432's source at ca​.gov