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 2. Security Loans [7602 - 7605]
( Article 2 added by Stats. 1975, Ch. 1214. ) 7602.
A state agency which is authorized pursuant to Section 22312 of the Education Code and Sections 16481 and 20208.5 of the Government Code may enter into security loan agreements with broker-dealers and with any state or national banks for the purpose of prudently supplementing the income normally received from investments.
(Amended by Stats. 1982, Ch. 1194, Sec. 3.)