California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 1. GENERAL |
Division 8. SECURITIES OWNED BY STATE AGENCIES |
Chapter 1. Investment of Securities Owned by State Agencies |
ARTICLE 2. Security Loans |
Section 7602.
Latest version.
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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.)