Pub. Resources Code, § 9530 · Article 2. District Fiscal Procedure
Pub. Resources Code, § 9530
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) “Surplus moneys,” as determined pursuant to Section 9529, shall be invested exclusively in bonds or interest-bearing notes or obligations of the United States, or those for which the faith and credit of the United States are pledged for the payment of principal and interest.
(b) Interest earned and other increment derived from any investment under this section shall be credited to the surplus money account for investment under this section.
Notes and commentary — not statutory text
History
Added by Stats. 1975, Ch. 513.
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=PRC§ionNum=9530.
- Text hash
- sha256 e662e2a7e485ec615c357b0ae079fc086c2ce601f4d2ad16fe551a7be4bc3854
- 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
This section cites
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Public Resources Code
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