DIVISION 8. SECURITIES OWNED BY STATE AGENCIES [7600. - 7605.]
Division 8 added by Stats. 1975, Ch. 1214.
§§ 7600–7605 · 6 sections
CHAPTER 1. Investment of Securities Owned by State Agencies §§ 7600–7605 · 6 sections
ARTICLE 1. General §§ 7600–7601 · 2 sections
- § 7600 It is the intent of the Legislature that: (a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements;…
- § 7601 As used in this chapter: (a) “Security loan agreement” means a written contract whereby a legal owner (the lender) agrees to lend specific marketable corporate…
ARTICLE 2. Security Loans §§ 7602–7605 · 4 sections
- § 7602 A state agency which is authorized pursuant to Section 22312 of the Education Code and Sections 16481 and 20208.5 of the Government Code may enter into…
- § 7603 All loans of securities shall be made pursuant to one of the standardized security loan agreement forms, as developed by the administrators of the State Pooled…
- § 7604 In the event of a loss in the reacquisition of loaned securities, the responsible state agency shall make a written report of the loss to the Legislature and…
- § 7605 Each state agency which enters into security loan agreements shall (a) maintain detailed records of all security loans, (b) develop controls and reports to…