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.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.