California Government Code

§ 8670.49

GOV § 8670.49 Effective Jun 20, 2014Div. 1 · Title 2 · Ch. 7.4 · Art. 7

Statute text

(a)(1) The administrator may only expend money from the fund to pay for any of the following, subject to the lien established in Section 8670.53.2:

(A)To pay the cost of obtaining financial security as authorized by paragraph (5) of subdivision (k) and subdivision (o) of Section 8670.48.

(B)To pay the principal, interest, premium, if any, and fees, charges, and costs of any kind incurred in connection with moneys drawn by the administrator on the financial security obtained by the Treasurer, or the moneys borrowed by the Treasurer, as authorized by paragraph (7) of subdivision (k) of Section 8670.48.

…

Legislative history

Amended by Stats. 2014, Ch. 35, Sec. 43. (SB 861) Effective June 20, 2014.