California § 8778 - The following shall be eligible investments for all special care trusts: (a) Bond
Full text of California Public Contract Code - PCC § 8778 — The following shall be eligible investments for all special care trusts: (a) Bond, with citation guidance and answers to common questions.
§ 8778. The following shall be eligible investments for all special care trusts: (a) Bond
The following shall be eligible investments for all special care trusts: (a) Bonds of the United States or this state, or of any county, city, or city and county in this state. (b) Bonds that are legal investments for commercial banks in this state. (c) Certificates of deposit or other interest-bearing accounts in any bank in this state insured by the Federal Deposit Insurance Corporation. (d) Investment certificates or shares in any state or federally chartered savings and loan association insured by the Federal Savings and Loan Insurance Corporation. (e) Investments in first trust deeds on improved real estate, provided that the loans require monthly amortization of principal and interest and are fully amortized within 30 years or the term of the loan, whichever comes first. No loan shall be made to the cemetery authority, to the director, officer, or stockholder of a cemetery authority, or trustees of the special care funds, or to partners, relatives, agents, or employees thereof. (f) Any investment that is lawful for endowment care funds under Sections 8751 and 8751.1.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8778
What does Public Contract Code - PCC § 8778 cover?
Section 8778 ("The following shall be eligible investments for all special care trusts: (a) Bond") 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 § 8778?
A common citation format is "Public Contract Code - PCC § 8778" (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 § 8778 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.