Section 4730.7 Of Article 3. Officers From California Health And Safety Code >> Division 5. >> Part 3. >> Chapter 3. >> Article 3.
4730.7
. The governing board of the Delta Diablo Sanitation District
may designate any depository or depositories pursuant to Article 2
(commencing with Section 53630) of Chapter 4 of Part 1 of Division 2
of Title 5 of the Government Code for the custody of any or all
revenue collected or received for operation and maintenance purposes.
All moneys deposited with a designated depository or depositories
shall be invested in checking accounts, savings accounts,
certificates of deposit, or other insured accounts. All other
district revenue, including any moneys collected or received for the
payment of principal and interest on district bonds, other
indebtedness, or certificates of participation, and any moneys
designated for capital outlay expenditure shall be paid into the
county treasury to the credit of the district. Every designated
depository shall give security sufficient to secure the district
against possible loss and shall pay the warrants or checks drawn by
the district for demands against the district under any rules as the
governing board may prescribe.