There is a newer version of the California Code
2011 California Code
Water Code
DIVISION 14. CALIFORNIA WATER STORAGE DISTRICT LAW [39000 - 48401]
ARTICLE 4. Alternative Provisions for the Deposit of Funds
Section 44853
CA Water Code § 44853 (through 2012 Leg Sess) What's This?
Where the deposit of money is insured by the Federal Deposit Insurance Corporation no additional security need be required from the bank for the portion of the district s deposits so insured.
(Added by Stats. 1967, Ch. 695.)
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