§ 13312 District Bond Security Eligibility

• •Bonds from this district can be used as security by banks in the state.
• •These bonds are treated the same as bonds from any other city or town.
• •Banks can use these bonds to secure deposits of public money, like state or county funds.

A local bank wants to keep the city's money safe.

The bank can use bonds from this district as a guarantee, just like they would use bonds from any other city.