Statute · California Government Code
Cal. Gov't Code § 6591.1 — Local Bond Pooling
Cal. Gov't Code § 6591.1
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1995-07-31
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) No broker, dealer, municipal securities dealer, or other firm that underwrites a bond issue of an authority shall serve as financial advisor or investment advisor to the authority on decisions relating to the investment of the proceeds of that bond issue.
Citator
Cal. Gov't Code § 6591.1 — Local Bond Pooling is in force in the current edition of the Code, and nothing recorded condemns it.
(a) No broker, dealer, municipal securities dealer, or other firm that underwrites a bond issue of an authority shall serve as financial advisor or investment advisor to the authority on decisions relating to the investment of the proceeds of that bond issue.
(b) An authority and its financial advisor shall enter into a written contract prior to the delivery of financial advisory services. The contract shall specify the range of services that will be delivered and the entire compensation to be paid to the financial advisor.