California · Water Code

WAT §9527: Whenever bonds of cities, cities and counties, counties or school districts may by law be issued as security for the performance of any act or as security for the deposit of public funds of the State

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What this law says, in plain English

Cities, counties, school districts, and combined city-county entities may issue bonds under law as security for performing acts or securing state public fund deposits.

Read the full statutory text

Whenever bonds of cities, cities and counties, counties or school districts may by law be issued as security for the performance of any act or as security for the deposit of public funds of the State or of any county, city and county, municipality or other public corporation or political subdivision in any State or National bank or banks, refunding bonds of the drainage district may be so used.

Verify at the official source: California legislative text

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