Health & Saf. Code, § 34316 · Article 4. Powers and Duties of Housing Authorities
Health & Saf. Code, § 34316
Verbatim from the official edition
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
An authority may:
(a) Invest any money held in reserves or sinking funds, or any money not required for immediate disbursement, in property or securities in which commercial banks may legally invest money subject to their control.
(b) Purchase its bonds at a price not more than their principal amount and accrued interest; all bonds so purchased shall be canceled.
Notes and commentary — not statutory text
History
Amended by Stats. 1975, Ch. 1135.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=34316.
- Text hash
- sha256 393e5329685b22ec6d197d500bf030eb360bfd507bb3e9ad4a9efb1dbd61a3dc
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.