ARTICLE 5. Interfund Purchases, Sales and Transfers of Bond Investments

Article 5 added by Stats. 1951, Ch. 208.

§§ 16485–16490 · 6 sections

• § 16485 It is the purpose of this article to authorize the establishment of procedures for the transfer of bonds between funds in the State Treasury in the following…
• § 16486 For the purposes of this article, the following definitions shall apply: (a) “Investing authority,” with respect to any State Treasury fund, means the state…
• § 16487 The State Controller may establish procedures for the purpose of carrying out the purposes set forth in Section 16485. These procedures are exempt from the…
• § 16488 The procedures authorized to be adopted by this article are permissive only, and no provision hereof shall require any state agency to approve or perform any…
• § 16489 Any procedure established under this article shall provide that the market value of the bonds shall be regarded, for the purposes thereof, as the equivalent of…
• § 16490 Any procedure established under this article shall require that in connection with any purchase, sale or transfer of bonds thereunder, the State Controller,…