California § 5920. 5920. (Added by Stats. 1987, Ch. 846, Sec. 1.)

California Statutes

§ 5920. — 5920. (Added by Stats. 1987, Ch. 846, Sec. 1.)

California § 5920.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.6.

Title 1.DIVISION 6. PUBLIC BONDS AND OBLIGATIONS

Ch. 12.CHAPTER 12. Public Finance Contracts

This text of California § 5920. (5920. (Added by Stats. 1987, Ch. 846, 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 § 5920. (2026).

Text

The Legislature finds and declares that the incurring or carrying of obligations and making and managing of investments by state and local governments involves a variety of interest rates, payment, and other risks, that a number of financial instruments are available to offset, hedge, or reduce, and improve net costs, and that many state agencies and local governments lack express statutory authority to take advantage of those instruments.

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The Legislature finds and declares that the incurring or carrying of obligations and making and managing of investments by state and local governments involves a variety of interest rates, payment, and other risks, that a number of financial instruments are available to offset, hedge, or reduce, and improve net costs, and that many state agencies and local governments lack express statutory authority to take advantage of those instruments.

Legislative History

Added by Stats. 1987, Ch. 846, Sec. 1.

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California § 5920., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/5920..