California Code
ARTICLE 7.5 - Alternate Procedure for Temporary Borrowing
Section 53841.5.

53841.5. Proceeds of sales or funds set aside for the repayment of any notes issued pursuant to this article shall not be invested for a term that exceeds the term of the notes.

(Added by Stats. 1995, Ch. 784, Sec. 20. Effective January 1, 1996.)