California § 6591.1. 6591.1. (Added by Stats. 1995, Ch. 229, Sec. 5.)

California Statutes

§ 6591.1. — 6591.1. (Added by Stats. 1995, Ch. 229, Sec. 5.)

California·Code GOV Government Code - GOV·Div. 7.·Title 1. DIVISION 7. MISCELLANEOUS·Ch. 5. CHAPTER 5. Joint Exercise of Powers·Art. 4. ARTICLE 4. Local Bond Pooling

(a)No broker, dealer, municipal securities dealer, or other firm that underwrites a bond issue of an authority shall serve as financial advisor or investment advisor to the authority on decisions relating to the investment of the proceeds of that bond issue.

(b)An authority and its financial advisor shall enter into a written contract prior to the delivery of financial advisory services. The contract shall specify the range of services that will be delivered and the entire compensation to be paid to the financial advisor.

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(a)
No broker, dealer, municipal securities dealer, or other firm that underwrites a bond issue of an authority shall serve as financial advisor or investment advisor to the authority on decisions relating to the investment of the proceeds of that bond issue.
(b)
An authority and its financial advisor shall enter into a written contract prior to the delivery of financial advisory services. The contract shall specify the range of services that will be delivered and the entire compensation to be paid to the financial advisor.

California § 6591.1. (6591.1. (Added by Stats. 1995, Ch. 229, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.