CHAPTER 7. Prohibited Business Arrangements
Chapter 7 added by Stats. 1992, Ch. 1351, Sec. 2.
§§ 16649.80–16649.95 · 14 sections
- § 16649.80 The definitions in this section shall govern the construction and interpretation of this chapter. (a) “Investment” or “invest” means the commitment of funds or…
- § 16649.81 On or after January 1, 1994, state trust moneys shall not be used to make additional or new investments or to renew existing investments in business firms that…
- § 16649.82 Section 16649.81 shall not apply to any business firm which, by resolution of its governing body, adopts a policy not to renew existing, expand existing, or…
- § 16649.83 On or after January 1, 1994, state trust moneys shall not be used to make additional or new investments or to renew existing investments in financial…
- § 16649.84 Section 16649.83 shall not apply to any financial institution which, by resolution of its governing body, adopts a policy not to renew existing, expand…
- § 16649.86 (a) A copy of a resolution, as described in Sections 16649.82 and 16649.84, shall be submitted to the Treasurer and to the chief administrative officer of each…
- § 16649.87 Beginning January 1, 1995, and continuing thereafter until January 1, 1998, state trust funds shall annually reduce by one-third the value of their respective…
- § 16649.88 Effective January 1, 1998, state trust funds shall not make or hold any investment in any business firm or financial institution that engages in discriminatory…
- § 16649.89 State moneys shall not be deposited with financial institutions that, following January 1, 1994, engage in discriminatory business practices in furtherance of…
- § 16649.90 The prohibitions contained in Sections 16649.83, 16649.87, 16649.88, and 16649.89, shall not apply to any loan or extension of credit for which an agreement is…
- § 16649.92 Present, future, and former members of the governing board of any trust fund, jointly and individually, state officers and employees, and investment managers…
- § 16649.93 Present, future, and former Regents of the University of California, jointly and individually, officers and employees of the University of California, and…
- § 16649.94 This chapter shall not apply to any Internal Revenue Code Section 457, 401(k), or 403(b) defined contribution plan administered by the Department of Human…
- § 16649.95 (a) Nothing in this chapter shall prohibit a business firm from utilizing a single resolution to satisfy the requirements of both Sections 16649.82 and…