Section 3381 Of Chapter 5. Bonds From California Public Utilities Code >> Division 1.5. >> Chapter 5.
3381
. Bonds issued by the authority are legal investments for all
trust funds, the funds of all insurance companies, banks, both
commercial and savings, trust companies, executors, administrators,
trustees, and other fiduciaries, for state school funds, pension
funds, and for any funds that may be invested in county, school, or
municipal bonds. The bonds issued under this division are securities
that may legally be deposited with, and received by, any state or
municipal officer or agency or political subdivision of the state,
including, without limitation, local agencies, schools, and pension
funds, for any purpose for which the deposit of bonds or obligations
of the state is now, or may hereafter be, authorized by law,
including deposits to secure public funds.