§ 53630 As used in this article:(a) “Local agency” means county, city, …
§ 53630.1 The Legislature hereby finds that the solvency and creditworthiness …
§ 53630.5 (a) The definitions in Section 1670 of, and Chapter 1 …
§ 53631 Under those conditions as the treasurer of a local agency fixes with …
§ 53632 There are three classes of deposits:(a) Inactive …
§ 53632.5 There are three classes of security for deposits:(a) Securities …
§ 53633 The treasurer shall determine the amounts of money to be deposited as …
§ 53634 The treasurer may call in money from inactive deposits and place it …
§ 53635 (a) This section shall apply to a local agency that is a county, …
§ 53635.2 As far as possible, all money belonging to, or in the custody of, a …
§ 53635.7 In making any decision that involves borrowing in the amount of one …
§ 53635.8 Notwithstanding any other provision of this code, a local agency that …
§ 53636 Money so deposited is deemed to be in the treasury of the local …
§ 53637 The money shall be deposited in any bank, savings association or …
§ 53638 (a) The deposit shall not exceed the shareholder’s equity of any …
§ 53639 (a) Except as otherwise provided in Section 53682, the …
§ 53640 Except as otherwise provided in Section 53682, the depository shall …
§ 53641 When money is deposited in a depository, the treasurer or other …
§ 53642 The money deposited may be drawn out by check or order of the …
§ 53643 The treasurer may deposit any part of the money as agreed upon …
§ 53644 If an agreement is not made:(a) Active deposits and interest …
§ 53645 Interest shall be computed and paid by the depository, as …
§ 53646 (a) (1) In the case of county government, the treasurer may …
§ 53647 (a) Interest on all money deposited belongs to, and shall be …
§ 53647.5 Notwithstanding any other provision of law, interest earned on any …
§ 53648 Notwithstanding this article, the treasurer may deposit moneys in, …
§ 53648.5 Upon the removal by federal law of the conflicting federal law or …
§ 53649 The treasurer is responsible for the safekeeping of money in his or …
§ 53651 Eligible securities are any of the following:(a) United States …
§ 53651.2 (a) To be an eligible security under subdivision (m) of Section …
§ 53651.4 (a) A depository that uses eligible securities of the class …
§ 53651.6 (a) To be an eligible security under subdivision (p) of Section …
§ 53652 To secure active or inactive deposits a depository shall at all times …
§ 53653 When in his or her discretion local conditions so warrant, the …
§ 53654 (a) The depository may add securities to the pool or substitute …
§ 53655 A placement of securities by a depository with an agent of depository …
§ 53656 (a) At the time the treasurer enters into a contract with the …
§ 53657 (a) No person shall act as an agent of depository unless that …
§ 53658 An agent of a depository may hold and pool securities to secure …
§ 53659 Whenever an agent of depository accepts securities pursuant to …
§ 53660 When deposits of a local agency are secured by pooled securities …
§ 53661 (a) The Commissioner of Financial Protection and Innovation …
§ 53663 (a) Each agent of depository shall report in writing to the …
§ 53664 The individual reports specified in Sections 53654, 53660, 53661, and …
§ 53665 If a depository fails to pay all or part of the deposits of a local …
§ 53666 The only liability that shall attach to the administrator as the …
§ 53667 (a) Expenses incurred by the administrator in carrying out the …
§ 53669 The treasurer or other authorized official is not responsible for …
§ 53676 The treasurer is not responsible for securities delivered to and …
§ 53678 The charges for the handling and safekeeping of any such securities …
§ 53679 So far as possible, all money belonging to a local agency under the …
§ 53679.1 Notwithstanding any other provision of law, the accounting practices …
§ 53680 A tax collector of a local agency shall immediately deposit with the …
§ 53681 An officer or employee of a local agency who deposits money belonging …
§ 53682 Notwithstanding any other provision in this article except Section …
§ 53683 Notwithstanding any other provision in this article, the …
§ 53684 (a) Unless otherwise provided by law, if the treasurer of any …
§ 53686 (a) Any audit conducted relating to the investment of local …

Terms Used In California Codes > Government Code > Title 5 > Division 2 > Part 1 > Chapter 4 > Article 2 - Deposit of Funds

  • Administrator: means the Administrator of Local Agency Security of the State of California. See California Government Code 53630
  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Agent of depository: means a trust company or trust department of a state or national bank located in this state, including the trust department of a depository where authorized, and the Federal Home Loan Bank of San Francisco, which is authorized to act as an agent of depository for the purposes of this article pursuant to Section 53657. See California Government Code 53630
  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • assessed value: means 25 percent of full value to, and including, the 1980-81 fiscal year, and 100 percent of full value for the 1981-82 fiscal year and fiscal years thereafter. See California Government Code 25
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Authority: shall mean the California Transportation Financing Authority. See California Government Code 64102
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • board: means any entity listed in Section 101, the entities referred to in Sections 1000 and 3600, the State Bar, the Department of Real Estate, and any other state agency that issues a license, certificate, or registration authorizing a person to engage in a business or profession. See California Business and Professions Code 31
  • Bonds: shall mean bonds, notes, debentures, commercial paper, or any other evidence of indebtedness, lease, installment, sale, or certificate of participation thereon, issued by the authority or a project sponsor pursuant to this division. See California Government Code 64102
  • City: includes "city and county" and "incorporated town" but does not include "unincorporated town" or "village. See California Government Code 20
  • City council or board of supervisors: includes the proper corresponding governing board and authority in each place where the division applies. See California Government Code 66499.51
  • Commissioner: means any county agricultural commissioner. See California Food and Agricultural Code 26
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: includes a limited liability company. See California Government Code 53630
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: includes city and county. See California Government Code 19
  • County: includes city and county. See California Business and Professions Code 17
  • County: includes city and county. See California Food and Agricultural Code 29
  • county surveyor: includes the like or corresponding officer, subject to the direction of the corresponding governing board and authority in each place where the division applies. See California Government Code 66499.51
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Department: means the Department of Food and Agriculture. See California Food and Agricultural Code 32
  • Depository: means a state or national bank, savings association or federal association, a state or federal credit union, or a federally insured industrial loan company, in this state in which the moneys of a local agency are deposited. See California Government Code 53630
  • Devise: To gift property by will.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Federally insured industrial loan company: means an industrial loan company licensed under Division 7 (commencing with Section 18000) of the Financial Code, the investment certificates of which are insured by the Federal Deposit Insurance Corporation. See California Government Code 53630
  • fictitious business name: means :

    California Business and Professions Code 17900

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • general partner: means :

    California Business and Professions Code 17901

  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • handler: means any person that engages in the operation of selling, marketing, or processing any of the crops vulnerable to damage from curly top virus, as covered by this chapter, which he or she has purchased, or acquired from a producer or which he or she is marketing, selling or processing on behalf of a producer, whether as owner, agent, employee, broker, or otherwise. See California Food and Agricultural Code 6032
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • license: means license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Section 1000 or 3600. See California Business and Professions Code 23.7
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Local agency: means county, city, city and county, including a chartered city or county, a community college district, or other public agency or corporation in this state. See California Government Code 53630
  • manager: means a manager of a limited liability company. See California Business and Professions Code 17901.5
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
  • National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes any person, firm, association, organization, partnership, limited liability company, business trust, corporation, or company. See California Government Code 17
  • person: includes individuals, limited liability companies, partnerships and other associations, and corporations. See California Business and Professions Code 17902
  • Person: means any individual, partnership, association, corporation, limited liability company, or any organized group of persons whether incorporated or not. See California Food and Agricultural Code 38
  • Personal property: All property that is not real property.
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Pooled securities: means eligible securities held by an agent of depository for a depository and securing deposits of one or more local agencies. See California Government Code 53630
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Probate: Proving a will
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • registrant: means a person or entity who is filing or has filed a fictitious business name statement, and who is the legal owner of the business. See California Business and Professions Code 17903
  • Savings association or federal association: means a savings association, savings and loan association, or savings bank as defined by §. See California Government Code 53630
  • Secretary: means the Secretary of Food and Agriculture. See California Food and Agricultural Code 35
  • Security: means any of the eligible securities or obligations listed in Section 53651. See California Government Code 53630
  • Service of process: The service of writs or summonses to the appropriate party.
  • State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
  • State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21
  • Statute: A law passed by a legislature.
  • Subdivision: means a subdivision of the section in which that term occurs, unless some other section is expressly mentioned. See California Business and Professions Code 15
  • Subdivision: means a subdivision of the section in which that term occurs unless some other section is expressly mentioned. See California Food and Agricultural Code 49
  • Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
  • Town: includes "unincorporated town" and "village. See California Government Code 21
  • Treasurer: means treasurer of the local agency. See California Government Code 53630
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.