California Government Code

§ 16584

GOV § 16584 Effective Jan 1, 2008Div. 4 · Title 2 · Part 2 · Ch. 4.3

Statute text

(a)A participant may enter into a contract with a private debt collector or private person or entity for the assignment or sale of all or part of its accounts receivable, provided that the participant does all of the following:

(1)Determines the assignment or sale is likely to generate more net revenue or net value than equivalent state efforts.

(2)Determines the assignment or sale will not compromise future state revenue collections.

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Legislative history

Amended by Stats. 2007, Ch. 130, Sec. 118.5. Effective January 1, 2008.