§ 12873 District Investment Reinvestment Authority

• •The district can buy and sell bonds or treasury notes as investments.
• •When they sell these investments, they can use the money to buy new ones.
• •This is allowed under the rules in this article.

Imagine the district buys a savings bond to earn some money. Later, they decide to sell that bond.

After selling the bond, they can take that money and buy a new bond or treasury note to keep investing.