Cal. Gov. Code § 16489

Current through the 2023 Legislative Session.

Section 16489 - Market value of bond equivalent of cash

Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.

Ca. Gov. Code § 16489

Added by Stats. 1951, Ch. 208.