Section 100611 Of Chapter 9. Benefit Assessment Districts From California Public Utilities Code >> Division 10. >> Part 12. >> Chapter 9.
100611
. Any bonds issued under this chapter are legal investment
for all trust funds; for the funds of insurance companies, commercial
and savings banks, and trust companies; for state school funds; and,
whenever any money or funds may, by any law now or hereafter
enacted, be invested in bonds of cities, counties, school districts,
or other districts within this state, the money or funds may be
invested in the bonds issued under this chapter.
Whenever bonds of cities, counties, school districts, or other
districts within this state may, by any law now or hereafter enacted,
be used as security for the performance of any act or the deposit of
any public money, bonds issued under this chapter may be so used.
The provisions of this chapter are in addition to all other laws
relating to legal investments and are controlling as the latest
expression of the Legislature with respect thereto.