Today's Law As Amended


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AB-1150 Security loan agreements.(2013-2014)



As Amends the Law Today


SECTION 1.

 Section 7600 of the Government Code is amended to read:

7600.
 It is the intent of the Legislature that: that all of the following occur: 
(a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements; agreements. 
(b) State agencies charged with such authority agenciesauthorized to invest marketable securities  exercise prudence in making such agreements; a security loan agreement. 
(c) Sound fiscal management be established with respect to transactions involving security agreements.