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HomeEducation CodeDiv. 9Pt. 57Ch. 5Art. 3§ 92492 Bond Investment And Security

§ 92492 Bond Investment And Security

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 92492 Bond Investment And Security

Key Takeaways

  • •These special bonds are safe to invest in, like putting money in a piggy bank that grows.
  • •Banks, insurance companies, and even school funds can buy these bonds without worrying.
  • •You can use these bonds like a promise to make sure someone does what they said they would, like paying back money.
  • •These bonds can also be used to keep public money safe in banks.

Example

A small town wants to build a new school but needs money.

The town can sell these special bonds to a bank. The bank knows it’s safe to buy them, like lending money to a friend you trust. The town uses the money to build the school, and later pays the bank back with a little extra, like giving back a toy you borrowed with a thank-you note.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 92492 Bond Investment And Security

Notwithstanding any other provision of law, all bonds sold and delivered pursuant to this chapter are legal investments for all trust funds and for the funds of all insurance companies, banks, both commercial and savings, trust companies, the state school funds, and any public or private funds which may be invested in county, municipal, or school district bonds, and may be deposited as security for the performance of any act whenever the bonds of any county, municipality, or school district may be so deposited, and may also be used as security for the deposit of public moneys in banks and savings and loan associations of this state. (Amended by Stats. 1977, Ch. 36.)

Last verified: January 23, 2026

Key Terms

insuranceperformanceschoolsecuritymunicipality

Related Statutes

  • § 81943 Bond Investment And Security
  • § 92491 Bondholder Enforcement Rights
  • § 17566 School District Risk Funds
  • § 17568 School Fire Loss Fund
  • § 17597 School Equipment Sale-Leaseback

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 92492.
View Official Source