California Legal Codes and Statutes

§ 53603

Amended by Stats. 1953, Ch. 537.

The legislative body may make the investment by direct purchase of any issue of eligible securities at their original sale or after they have been issued.

Cite this section

Cal. Gov. Code § 53603 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-4-financial-affairs/article-1-investment-of-surplus/section-53603

Other sections in Article 1 - Investment of Surplus

§ 53600§ 53600.3§ 53600.5§ 53600.6§ 53601.1§ 53601.2§ 53601.5§ 53602§ 53603§ 53604§ 53605§ 53606§ 53607§ 53608§ 53609§ 53610

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.