California Law (Last Updated: March 4, 2014) |
Food and Agricultural Code - FAC |
Division 22. MARKETING ADVISORY AND PROMOTIONAL AGENCY LAWS |
Part 2. MARKETING ADVISORY AND PROMOTIONAL COUNCILS AND COMMISSIONS |
Chapter 16.5. California Walnut Commission |
ARTICLE 3. The California Walnut Commission |
Section 77068.
Latest version.
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All funds received by any person from the assessments levied pursuant this chapter or otherwise received by the commission shall be deposited in banks which the commission may designate and shall be disbursed by order of the commission through an agent or agents as it may designate for that purpose. The agent or agents shall be bonded by a fidelity bond, executed by a surety company authorized to transact business in this state, in favor of the commission, in the amount of not less than twenty-five thousand dollars ($25,000).
(Added by Stats. 1987, Ch. 12, Sec. 1. Effective April 30, 1987.)