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California Law (Last Updated: March 4, 2014) |
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Education Code - EDC |
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Title 3. POSTSECONDARY EDUCATION |
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Division 5. GENERAL PROVISIONS |
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Part 42. STUDENT FINANCIAL AID PROGRAM |
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Chapter 2. Student Financial Aid Programs |
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ARTICLE 2.4. Maximizing the Value of the State Student Loan Guarantee Program Assets and Liabilities |
Section 69521.9.
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(a) Notwithstanding any other provision of law, the Director of Finance is authorized to enter into an agreement with a firm or individual to act as an advisor to the state in the transactions contemplated by this article. Section 14838 of the Government Code and Article 4 (commencing with Section 10335) of Chapter 2 of Part 2 of Division 2 of the Public Contract Code does not apply to any agreement entered into by the director with an advisor pursuant to this section.
(b) Notwithstanding any other provision of law, the Director of Finance is also authorized to enter into a legal services agreement to obtain specialized legal advice related to the transactions contemplated by this article. Section 11040 of the Government Code and Section 6072 of the Business and Professions Code shall not apply to the legal services agreement entered into by the director pursuant to this section.