Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 5 - LOCAL AGENCIESDivision 2 - CITIES, COUNTIES, AND OTHER AGENCIESPart 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIESChapter 4 - FINANCIAL AFFAIRS
Article 1 - INVESTMENT OF SURPLUS
Section 53605 - Proceeds of sale applied to purposes for which purchase money placed in sinking fund

Cal. Gov. Code § 53605

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Current through the 2023 Legislative Session.
Section 53605 - Proceeds of sale applied to purposes for which purchase money placed in sinking fund

From time to time, the legislative body shall sell the securities so that the proceeds may be applied to the purposes for which the original purchase money was placed in the sinking fund or the treasury of the local agency.

Ca. Gov. Code § 53605

Amended by Stats. 1953, Ch. 537.