§ 29951
75 words·~1 min read·
/ca/government-code/29951A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The intent of this article is that investments of county funds shall be made for the purpose of:
(a)aiding and facilitating the making of needed public improvements in the county;
(b)limiting or preventing the increasing of district taxes or assessments which may lessen or impair the general tax revenues of the county from any district; and
(c)providing means by which district indebtedness or assessments represented by or securing bonds may be reduced.