Statute · California Government Code

Cal. Gov't Code § 16490 — Interfund Purchases, Sales and Transfers of Bond Investments

Cal. Gov't Code § 16490

Type: Statute
Source: California Government Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

Any procedure established under this article shall require that in connection with any purchase, sale or transfer of bonds thereunder, the State Controller, State Treasurer, Director of Finance, and each investing authority shall be furnished a copy of:

Citator

Cal. Gov't Code § 16490 — Interfund Purchases, Sales and Transfers of Bond Investments is in force in the current edition of the Code, and nothing recorded condemns it.

Any procedure established under this article shall require that in connection with any purchase, sale or transfer of bonds thereunder, the State Controller, State Treasurer, Director of Finance, and each investing authority shall be furnished a copy of:

(a) Every journal entry and other accounting instrument prepared by the State Controller and the State Treasurer for the purpose of recording such transaction on their accounts;

(b) The determination of market value and effective date made by each investing authority in connection with such transaction.