§ 16503
51 words·~1 min read·
/ca/government-code/16503A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited:
(a)As time deposits, and the rates of interest to be received.
(b)As demand deposits, and the rates of interest to be received, if any.