§ 103391 Public Bond Investment Rules

Public Utilities Code·California

AI SummaryVerified

This law says you can invest by buying bonds, Treasury notes, or similar debt either when they are first sold or later on.

Key Takeaways

•You can buy bonds, Treasury notes, or similar obligations.
•Purchase can happen at the original sale or any time after that.
•You may buy the whole issue or just a part of it.

Example

A person wants to invest money and decides to buy a U.S. Treasury bond. They can either buy it right when the government first offers it, or they can buy it later from someone else who already owns it.

The law lets the person buy the whole bond or just a piece of it, no matter if it's the first sale or a later resale.

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

Official Source

View on CA.gov

§ 103391 Public Bond Investment Rules

Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale or by the subsequent purchase of the bonds, treasury notes, or obligations. (Added by Stats. 1974, Ch. 502.)

Last verified: January 11, 2026

Key Terms

bonds treasury notes obligations

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 103391.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References