Section 33783 Of Article 3. Bonds And Notes From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 8. >> Article 3.
33783
. Notwithstanding any other provision of law, revenue bonds
issued pursuant to this chapter shall be legal investments for all
trust funds, insurance companies, savings and loan associations,
investment companies and banks, both savings and commercial, and
shall be legal investments for executors, administrators, guardians,
conservators, trustees, and all other fiduciaries. Such bonds shall
be legal investments for state school funds and for any funds which
may be invested in county, municipal, or school district bonds, and
such bonds shall be deemed to be securities which may properly and
legally be deposited with, and received by, any state or municipal
officer or by any agency or political subdivision of the state 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.