§ 7600
50 words·~1 min read·
/ca/government-code/7600A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the intent of the Legislature that:
(a)Specified state agencies be authorized to invest marketable securities by entering into security loan agreements;
(b)State agencies charged with such authority exercise prudence in making such agreements;
(c)Sound fiscal management be established with respect to transactions involving security agreements.