Section 16480.2.

Cal. Government Code - GOV § 16480.2.
in effect
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It is the intent of this article that money available for investment or deposit be invested in securities or deposited in banks and savings and loan associations in such a way as to realize the maximum return consistent with safe and prudent treasury management.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026

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Cal. Government Code - GOV § 16480.2. — Section 16480.2 | Government Code - GOV | Corpus