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Code · California · Government Code

§ 53557

69 words·~1 min read·/ca/government-code/53557

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and without the state, and shall be secured in accordance with the laws applicable to funds of the local agency and may (along with any other moneys available for that purpose similarly deposited) be invested or reinvested in federal securities.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

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