§ 16670
51 words·~1 min read·
/ca/government-code/16670A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon the recommendation of the Treasurer, the Governor may designate well-known and responsible banking firms or associations, or incorporated banking institutions having a paid-up capital and surplus of not less than one million dollars ($1,000,000) as the state fiscal agents for the payment of bonds and coupons issued by the State.