Code Section Group

Public Utilities Code - PUC

DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]

  ( Division 10 repealed and added by Stats. 1955, Ch. 1036. )

PART 3. SOUTHERN CALIFORNIA RAPID TRANSIT DISTRICT [30000 - 33021]

  ( Part 3 added by Stats. 1964, 1st Ex. Sess., Ch. 62. )

CHAPTER 5. Powers and Functions of District [30500 - 30756]

  ( Chapter 5 added by Stats. 1964, 1st Ex. Sess., Ch. 62. )

ARTICLE 8. Investments [30730- 30730.]
  ( Article 8 added by Stats. 1964, 1st Ex. Sess., Ch. 62. )

30730.
  

The board may, by resolution, order that any of the moneys in the funds under its control which are not necessary for current operating expenses be invested in any obligations, bonds or securities in which a county could invest such funds; provided, however, that (1) any such investments shall be made in such a manner that the moneys in such funds will be available at the times and in the amounts necessary to accomplish the purpose for which said funds were established, and (2) no such investment shall be made in contravention of any provision or covenant in any proceedings for the authorization and issuance of bonds, notes, contracts or other evidences of indebtedness.

(Added by Stats. 1964, 1st Ex. Sess., Ch. 62.)

PUCPublic Utilities Code - PUC8