Cal. Gov. Code § 53841.5

Current through the 2023 Legislative Session.

Section 53841.5 - Limitation on investing proceeds of sales

Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term that exceeds the term of the notes.

Ca. Gov. Code § 53841.5

Added by Stats. 1995, Ch. 784, Sec. 20. Effective January 1, 1996.