California · Water Code
WAT §31336: A district may invest such surplus money, as its board deems wise or expedient in any of the following: (a) Bonds issued by the district.
Read the full statutory text
A district may invest such surplus money, as its board deems wise or expedient in any of the following: (a) Bonds issued by the district. (b) Bonds issued by any school district any part of which is in a county containing any part of the county water district. (c) Bonds issued by the State. (d) Bonds issued by the United States. (e) Registered warrants issued by the State.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.