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HomePublic Utilities CodeDiv. 11Ch. 4Art. 9§ 120471 Public Bond Investment Rules

§ 120471 Public Bond Investment Rules

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

§ 120471 Public Bond Investment Rules

Key Takeaways

  • •You can buy government bonds or notes directly when they are first sold.
  • •You can also buy them later from someone else who already owns them.
  • •This rule is about how and when you can invest in these government papers.

Example

Imagine you want to buy a savings bond from the government.

You can buy it when the government first sells it, or you can buy it later from someone who already has one. This rule says both ways are okay.

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

Official Source
View on CA.gov

§ 120471 Public Bond Investment Rules

The investment may be made by direct purchase of any issue of the bonds, treasury notes, or obligations, or part thereof, at the original sale or by the subsequent purchase of the bonds, treasury notes, or obligations. (Added by Stats. 1983, Ch. 599, Sec. 1.)

Last verified: January 23, 2026

Key Terms

bondstreasury notesobligations

Related Statutes

  • § 120472 Board Investment Reinvestment Authority
  • § 120473 Bond Sale Proceeds Use
  • § 125486 Bond Issuance For Tax Proceeds
  • § 125487 Retail Tax Ordinance Challenge Deadline
  • § 101231 Public Bond Investment Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 120471.
View Official Source