§ 77554. — 77554. (Amended by Stats. 2006, Ch. 538, Sec. 214.)

California § 77554.

• Jurisdiction: California
• Code FAC: Food and Agricultural Code - FAC
• Div. 22.: DIVISION 22. MARKETING ADVISORY AND PROMOTIONAL AGENCY LAWS
• Part 2.: PART 2. MARKETING ADVISORY AND PROMOTIONAL COUNCILS AND COMMISSIONS
• Ch. 18.: CHAPTER 18. California Forest Products Commission
• Art. 3.: ARTICLE 3. The California Forest Products Commission

Text

All funds received by any person from the assessments levied pursuant to this chapter or otherwise received by the commission shall be deposited in banks that the commission may designate and shall be disbursed by order of the commission through an agent designated by the commission for that purpose. The agent shall be bonded by a fidelity bond that is executed by a surety company authorized to transact business in this state, in favor of the commission, in the amount of not less than twenty-five thousand dollars ($25,000).

Legislative History

Amended by Stats. 2006, Ch. 538, Sec. 214. Effective January 1, 2007.