California Government Code 53683 – Notwithstanding any other provision in this article, the …
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Notwithstanding any other provision in this article, the consideration payable by the agency as specified in subdivision (e) of Section 53682 shall be paid by the treasurer by applying such consideration as costs applied on a pro rata basis against the interest earned by all the agencies for which the treasurer invests.
(Amended by Stats. 1976, Ch. 723.)
Terms Used In California Government Code 53683
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
- Treasurer: means treasurer of the local agency. See California Government Code 53630