Section 16480.2 Of Article 4.5. Treasury Pooled Money Investments From California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 3. >> Article 4.5.

. It is the intent of this article that money available for investment or deposit be invested in securities or deposited in banks and savings and loan associations in such a way as to realize the maximum return consistent with safe and prudent treasury management.