§ 101326 District Bond Security Use

Public Utilities Code·California

AI SummaryVerified

This law says that bonds from this district can be used as security by banks when they hold public money, just like bonds from any other city or town.

Key Takeaways

•Bonds from this district are treated the same as bonds from other cities.
•Banks can use these bonds to secure public funds.
•This applies to state and national banks in the state.

Example

A local bank wants to keep money safe for the city government.

The bank can use the district's bonds as a guarantee, just like they would with bonds from another city.

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

Official Source

View on CA.gov

§ 101326 District Bond Security Use

All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the state as security for the deposit of funds of the state or of any county, city and county, city, municipality, or other public or municipal corporation within the state. (Added by Stats. 1971, Ch. 1161.)

Last verified: January 11, 2026

Key Terms

bonds of the district state or national bank security for the deposit of funds

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 101326.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References