California Statutes
§ 26406. — 26406. (Added by Stats. 1980, Ch. 899, Sec. 8.)
California § 26406.
JurisdictionCalifornia
Code PRCPublic Resources Code - PRC
Div. 16.5.DIVISION 16.5. ENERGY AND RESOURCES FUND
This text of California § 26406. (26406. (Added by Stats. 1980, Ch. 899, Sec. 8.)) 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. Public Resources Code - PRC Code § 26406. (2026).
Text
The Director of Finance shall cause all moneys in the Energy and Resources Fund which are in excess of current requirements to be invested and reinvested from time to time in securities described in Section 16430 of the Government Code, and such securities may be sold or exchanged if in his opinion such sale or exchange is in the best interests of the state in effectuating the purposes of this chapter. All income derived from such investment, reinvestment, sale, or exchange shall be credited to the Energy and Resources Fund.
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Legislative History
Added by Stats. 1980, Ch. 899, Sec. 8. Effective September 17, 1980.
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Bluebook (online)
California § 26406., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/26406..