Statute · California Government Code
Cal. Gov't Code § 63089.52 — Expansion Fund and Trust Fund
Cal. Gov't Code § 63089.52
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2013-10-04
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The program manager, at his or her discretion, with the approval of the executive director, may request the trustee to invest those moneys in the trust fund in any of the securities described in Section 16430. Returns from these investments shall be deposited in the expansion fund and shall…
Citator
Cal. Gov't Code § 63089.52 — Expansion Fund and Trust Fund is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The program manager, at his or her discretion, with the approval of the executive director, may request the trustee to invest those moneys in the trust fund in any of the securities described in Section 16430. Returns from these investments shall be deposited in the expansion fund and shall be used to support the programs of this chapter.
(b) Any investments made in securities described in Section 16430 shall be governed by the investment policy approved by the bank board.