Government Code - GOV
TITLE 1. GENERAL [100 - 7931.000]
( Title 1 enacted by Stats. 1943, Ch. 134. ) DIVISION 8. SECURITIES OWNED BY STATE AGENCIES [7600 - 7605]
( Division 8 added by Stats. 1975, Ch. 1214. ) CHAPTER 1. Investment of Securities Owned by State Agencies [7600 - 7605]
( Chapter 1 added by Stats. 1975, Ch. 1214. ) ARTICLE 1. General [7600 - 7601]
( Article 1 added by Stats. 1975, Ch. 1214. ) 7600.
It is the intent of the Legislature that:
(a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements;
(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.)