SHC § 9615
Where this section sits in the code
- Streets and Highways Code - SHC
- DIVISION 11.5. REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDS [9500. - 9707.]
- CHAPTER 3. Issuance of Refunding Bonds [9600. - 9622.]
Any proceeds of sale of any refunding bonds may be deposited in escrow or trust with any bank or trust company within or without the state, or both within and without the state, shall be secured in accordance with the laws applicable to funds of the city and shall be invested in federal securities.
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