§ 41015
74 words·~1 min read·
/ca/education-code/41015A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing board of any school district or any county office of education which has funds in a special reserve fund of the district or county office of education or any surplus moneys not required for the immediate necessities of the district or county office of education, is hereby authorized to invest all or any part of the funds in any of the investments specified in Section 16430 or 53601 of the Government Code.