Section 16489 Of Article 5. Interfund Purchases, Sales And Transfers Of Bond Investments From California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 3. >> Article 5.

. Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.