{"code":"GOV","codeName":"Government Code","section":"13470","citation":"Gov. Code, § 13470","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]","url":"https://blackletter.si/government-code/title-2"},{"name":"DIVISION 3. EXECUTIVE DEPARTMENT [11000. - 15990.3.]","url":"https://blackletter.si/government-code/title-2/division-3"},{"name":"PART 3. DEPARTMENT OF FINANCE [13000. - 13881.]","url":"https://blackletter.si/government-code/title-2/division-3/part-3"},{"name":"CHAPTER 6. Purchase and Sale of Bonds [13451. - 13474.]","url":"https://blackletter.si/government-code/title-2/division-3/part-3/chapter-6"},{"name":"ARTICLE 2. State School Funds [13470. - 13474.]","url":"https://blackletter.si/government-code/title-2/division-3/part-3/chapter-6/article-2"}],"history":"Amended by Stats. 1951, Ch. 1708.","effective":null,"html":"<p>Whenever there is in the treasury to the credit of the Unclaimed Property Fund the sum of twenty thousand dollars ($20,000) or more, the Director of Finance shall invest all but ten thousand dollars ($10,000) in the bonds specified in this article. No investment shall be made which will reduce the uninvested portion of the fund below the amount of ten thousand dollars ($10,000), and whenever a demand presented against the fund will reduce the amount of cash therein below ten thousand dollars ($10,000), the director shall sell such bonds belonging to the fund as he deems proper, so as to restore the cash retention of ten thousand dollars ($10,000).</p>","text":"Whenever there is in the treasury to the credit of the Unclaimed Property Fund the sum of twenty thousand dollars ($20,000) or more, the Director of Finance shall invest all but ten thousand dollars ($10,000) in the bonds specified in this article. No investment shall be made which will reduce the uninvested portion of the fund below the amount of ten thousand dollars ($10,000), and whenever a demand presented against the fund will reduce the amount of cash therein below ten thousand dollars ($10,000), the director shall sell such bonds belonging to the fund as he deems proper, so as to restore the cash retention of ten thousand dollars ($10,000).","otherVersions":[],"url":"https://blackletter.si/government-code/state-school-funds-13470","source":"California Legislative Information bulk export (pubinfo)"}