Section 8751 Of Article 3. Investment Of Endowment Funds From California Health And Safety Code >> Division 8. >> Part 3. >> Chapter 5. >> Article 3.
8751
. The funds shall be invested and reinvested, and kept invested
in:
(a) Bonds of the United States or this state, or of any county,
city and county, or city in this state.
(b) Bonds legal for investment for savings banks in this state.
(c) First mortgages or first trust deeds on improved real estate.
(d) Income producing improved real estate in any city or city and
county in this state.
(e) Investment certificates in any savings and loan association
organized, existing and doing business under the laws of this state.
(f) Investments of the type enumerated for domestic incorporated
insurers in Article 3, Chapter 2, Part 2, of Division 1 of the
Insurance Code of this state.
(g) By deposit in a bank which is insured by the Federal Deposit
Insurance Corporation.
(h) Shares of a duly chartered and insured federal savings and
loan association.