Article 1. District Bonds of California Harbors And Navigation Code >> Division 8. >> Part 4. >> Chapter 4. >> Article 1.
A district may create a bonded debt pursuant to Article 1
(commencing with Section 43600) of Chapter 4 of Division 4 of Title 4
of the Government Code.
Bonds may be issued for the purpose of raising money for use in
carrying out any of the powers and purposes of the district.
Bonds issued by any district pursuant to this part are legal
investments for all trust funds, and for the funds of all insurers,
banks, both commercial and savings, and trust companies, and for the
State school funds, and whenever any money or funds may, by law now
or hereafter enacted, be invested in bonds of cities, cities and
counties, counties, school districts or municipalities in this State,
such money or funds may be invested in bonds of districts organized
pursuant to this part.