§ 7600. — 7600. (Added by Stats. 1975, Ch. 1214.)

California § 7600.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 8.
• Title 1.: DIVISION 8. SECURITIES OWNED BY STATE AGENCIES
• Ch. 1.: CHAPTER 1. Investment of Securities Owned by State Agencies
• Art. 1.: ARTICLE 1. General

Text

It is the intent of the Legislature that:
(a)
Specified state agencies be authorized to invest marketable securities by entering into security loan agreements;
(b)
State agencies charged with such authority exercise prudence in making such agreements;
(c)
Sound fiscal management be established with respect to transactions involving security agreements.

Legislative History

Added by Stats. 1975, Ch. 1214.