California § 66103. 66103. (Enacted by Stats. 1976, Ch. 1010.)

California Statutes

§ 66103. — 66103. (Enacted by Stats. 1976, Ch. 1010.)

California § 66103.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.5.

Title 3.DIVISION 5. GENERAL PROVISIONS

Part 40.PART 40. DONAHOE HIGHER EDUCATION ACT

Ch. 3.CHAPTER 3. Capital Outlay Fund

This text of California § 66103. (66103. (Enacted by Stats. 1976, Ch. 1010.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Education Code - EDC Code § 66103. (2026).

Text

The Director of Finance shall cause all moneys in the fund which are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and such securities may be sold or exchanged if in his opinion such sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from such investment, reinvestment, sale, or exchange shall be credited to the fund.

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The Director of Finance shall cause all moneys in the fund which are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and such securities may be sold or exchanged if in his opinion such sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from such investment, reinvestment, sale, or exchange shall be credited to the fund.

Legislative History

Enacted by Stats. 1976, Ch. 1010.

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Bluebook (online)

California § 66103., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/66103..