California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
Division 4. FISCAL AFFAIRS |
Part 2. STATE FUNDS |
Chapter 2. Special Funds |
ARTICLE 9. Litigation Deposits Fund |
Section 16426.
Latest version.
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The fund consists of all money received as litigation deposits where the State of California is a party to the litigation and no other state statutes specifically provide for both of the following:
(1) Handling and investing such money.
(2) Crediting any interest accrued thereto to such deposits.
(Added by Stats. 1971, Ch. 1148.)