California Government Code 7600 – It is the intent of the Legislature that:(a) Specified state …
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It is the intent of the Legislature that:
(a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements;
Terms Used In California Government Code 7600
- Marketable securities: means securities that are freely traded on recognized exchanges or marketplaces. See California Government Code 7601
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
(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.
(Added by Stats. 1975, Ch. 1214.)