California Government Code

§ 11012

GOV § 11012 Effective Jan 1, 2023Div. 3 · Title 2 · Part 1 · Ch. 1 · Art. 1

Statute text

(a)If any state agency, including, but not limited to, state agencies acting in a fiduciary capacity, is authorized to invest funds, or to sell or exchange securities, prior approval of the Department of Finance to the investment, sale, or exchange shall be secured.

(b)Every state agency shall furnish the Department of Finance with the reports and in the form, relating to the funds or securities, their acquisition, sale, or exchange, as may be requested by the Department of Finance from time to time.

(c)This section does not apply to the following state agencies:

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Legislative history

Amended by Stats. 2022, Ch. 478, Sec. 58. (AB 1936) Effective January 1, 2023.