§ 81943 Bond Investment And Security

Education Code·California

AI SummaryVerified

Key Takeaways

•These special bonds are safe to invest in, like putting money in a piggy bank that grows.
•Banks, insurance companies, and even school funds can buy these bonds.
•You can use these bonds as a promise to pay, like leaving your toy as a guarantee you'll return your friend's toy.

Example

A bank wants to make sure its money is safe.

The bank can buy these bonds, knowing they are as safe as keeping money in a vault. If the bank needs to promise something, it can use these bonds like a safety deposit.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 81943 Bond Investment And Security

Notwithstanding any other provision of law, all bonds sold and delivered pursuant to this chapter are legal investments for all trust funds and for the funds of all insurance companies, banks, both commercial and savings, trust companies, the state school funds, and any public or private funds which may be invested in county, municipal, or community college district bonds, and may be deposited as security for the performance of any act whenever the bonds of any county, municipality, or community college district may be so deposited, and may also be used as security for the deposit of public moneys in banks in this state. (Added by Stats. 1982, Ch. 251, Sec. 28. Effective June 11, 1982. Operative July 1, 1982, by Sec. 47 of Ch. 251.)

Last verified: January 23, 2026

Key Terms

insurance performance school security community effective june operative july municipality

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 81943.

§ 81943 Bond Investment And Security

Education Code·California

AI SummaryVerified

§ 81943 Bond Investment And Security

Key Takeaways

•These special bonds are safe to invest in, like putting money in a piggy bank that grows.
•Banks, insurance companies, and even school funds can buy these bonds.
•You can use these bonds as a promise to pay, like leaving your toy as a guarantee you'll return your friend's toy.

Example

A bank wants to make sure its money is safe.

The bank can buy these bonds, knowing they are as safe as keeping money in a vault. If the bank needs to promise something, it can use these bonds like a safety deposit.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 81943 Bond Investment And Security

Last verified: January 23, 2026

Key Terms

insurance performance school security community effective june operative july municipality

References

Official text at leginfo.legislature.ca.gov
California Legislature. Education Code. Section 81943.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References