California § 41033 - The governing board of a school district which has placed funds in the Foundation
Full text of California Public Contract Code - PCC § 41033 — The governing board of a school district which has placed funds in the Foundation, with citation guidance and answers to common questions.
§ 41033. The governing board of a school district which has placed funds in the Foundation
The governing board of a school district which has placed funds in the Foundation Fund is hereby authorized to invest all or any part of those funds as it deems wise and expedient as follows: (a) In the securities, warrants, or instruments of indebtedness specified by Section 53601 of the Government Code. (b) In corporate securities other than corporate shares, provided that the amount of investment under this subdivision shall not exceed 50 percent of the amount invested under subdivision (a). Any security, warrant, or instrument of indebtedness purchased pursuant to this section may be sold and the proceeds reinvested in similar securities, warrants, or instruments, or placed in the Foundation Fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 41033
What does Public Contract Code - PCC § 41033 cover?
Section 41033 ("The governing board of a school district which has placed funds in the Foundation") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 41033?
A common citation format is "Public Contract Code - PCC § 41033" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 41033 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.