Today's Law As Amended

PDF |Add To My Favorites | print page

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

As Amends the Law Today


 Section 7600 of the Government Code is amended to read:

 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.