California Food and Agricultural Code

§ 79645

FAC § 79645 Effective Jan 1, 2011Div. 22 · Part 2 · Ch. 28 · Art. 3

Statute text

All moneys received by any person from assessments levied under the authority of this chapter or otherwise received by the commission shall be deposited in banks designated by the commission and shall be disbursed by order of the commission through an agent or agents designated for that purpose. Any authorized agent or agents shall be bonded by a fidelity bond, executed by a surety company authorized to transact business in the state, in favor of the commission, in an amount of not less than twenty-five thousand dollars ($25,000).

Legislative history

Added by Stats. 2010, Ch. 585, Sec. 1. (AB 1912) Effective January 1, 2011.