California § 5753. 5753. (Added by Stats. 1992, Ch. 954, Sec. 1.)

California Statutes

§ 5753. — 5753. (Added by Stats. 1992, Ch. 954, Sec. 1.)

California § 5753.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.6.

Title 1.DIVISION 6. PUBLIC BONDS AND OBLIGATIONS

Ch. 9.5.CHAPTER 9.5. California Savings Bond Program

This text of California § 5753. (5753. (Added by Stats. 1992, Ch. 954, Sec. 1.)) 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. Government Code - GOV Code § 5753. (2026).

Text

In arranging the sale of bonds, the Treasurer may impose the following requirements on any financial institution that sells the bonds to the public:

(a)California residents planning to use the tax-exempt income for college expenses shall have first priority for purchase of the bonds and all other California residents shall be given second priority for purchase of the bonds.

(b)The broker or institution marketing the bonds may not establish a minimum order size.

(c)As long as the demand by individual investors is greater than the supply of bonds, the bonds shall not be sold to institutional investors.

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In arranging the sale of bonds, the Treasurer may impose the following requirements on any financial institution that sells the bonds to the public:
(a)
California residents planning to use the tax-exempt income for college expenses shall have first priority for purchase of the bonds and all other California residents shall be given second priority for purchase of the bonds.
(b)
The broker or institution marketing the bonds may not establish a minimum order size.
(c)
As long as the demand by individual investors is greater than the supply of bonds, the bonds shall not be sold to institutional investors.