The right of a city, county, city and county, special district, nonprofit corporation, or qualified quasi-governmental agency to withdraw its deposited moneys from the Local Agency Investment Fund, upon demand, may not be altered, impaired, or denied, in any way, by any state official or state agency based upon the state’s failure to adopt a State Budget by July 1 of each new fiscal year.
(Added by Stats. 2002, Ch. 761, Sec. 4. Effective September 21, 2002.)
Terms Used In California Government Code 16429.4
- state agency: includes every state office, officer, department, division, bureau, board, and commission. See California Government Code 11000