Section 8886 Of Part 16. Special Security Fund From California Streets And Highways Code >> Division 10. >> Part 16.
8886
. Money in the special reserve fund may be temporarily invested
in any authorized investments pursuant to Article 1 (commencing with
Section 53600) of Chapter 4 of Part 1 of Division 2 of Title 5 of
the Government Code, or in any authorized investments pursuant to law
in the case of money resulting from assessments levied for bonds
authorized to be issued after the effective date of the amendments to
this section enacted during the 1981-82 Regular Session of the
Legislature, provided that the maturities thereof shall not be later
than the date on which the money may be required for the redemption
fund pursuant to this part.
Any income realized from such investments shall be credited to the
special reserve fund, and any loss or expense resulting from such
investment shall be charged to that fund.