ARTICLE 4. Special Fund Investments

Article 4 added by Stats. 1945, Ch. 991.

§§ 16470–16476 · 10 sections

• § 16470 The Pooled Money Investment Board shall, at such times as it deems necessary, determine whether any portion of the money then on deposit in the State Treasury…
• § 16471 Upon the determination and designation of surplus money in any special fund, the Controller shall transfer from that fund to the Surplus Money Investment Fund…
• § 16472 All moneys transferred to or deposited in the Surplus Money Investment Fund are hereby appropriated without regard to fiscal years to carry out the purposes of…
• § 16473 The Pooled Money Investment Board shall, at such times as it deems necessary, determine whether any portion of the money theretofore transferred to and…
• § 16473.5 For the purposes of this article, a written determination signed by a majority of the members of the Pooled Money Investment Board shall be deemed to be the…
• § 16474 The money in the Surplus Money Investment Fund, shall be invested and reinvested by the State Treasurer as a part of the Pooled Money Investment Account.
• § 16475 At the conclusion of each calendar quarter, all interest earned and other increment derived from investments made pursuant to this article, interest earnings…
• § 16475.1 Notwithstanding any other provisions of law, the interest earned by governmental cost funds, as determined jointly by the Controller and Director of Finance,…
• § 16475.5 Notwithstanding Section 16475, at the conclusion of each calendar quarter, all interest earned and other increment derived from the investment pursuant to this…
• § 16476 If any provision of this article, or the application thereof to the money in any fund referred to herein, is held invalid, the remaining provisions of this…