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HomePublic Utilities CodeDiv. 10Pt. 1Ch. 6Art. 7§ 25872 Public Bond Investment Rules

§ 25872 Public Bond Investment Rules

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 25872 Public Bond Investment Rules

Key Takeaways

  • •The law allows buying government bonds or notes directly when they are first sold.
  • •You can also buy these bonds or notes later from someone else.
  • •It’s about investing in safe government-backed options.

Example

You want to invest some money safely.

You can buy government bonds when they first come out or later from another person. This is a safe way to invest because the government backs it.

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

Official Source
View on CA.gov

§ 25872 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. 1955, Ch. 1036.)

Last verified: January 23, 2026

Key Terms

bondstreasury notesobligationsdirect purchasesubsequent purchase

Related Statutes

  • § 12872 Public Bond Investment Rules
  • § 101231 Public Bond Investment Rules
  • § 29101 Public Bond Investment Rules
  • § 12873 District Investment Reinvestment Authority
  • § 12874 District Bond Sale Proceeds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 25872.
View Official Source