PART 2. STATE FUNDS

Part 2 added by Stats. 1945, Ch. 120.

§§ 16300–16649.95 · 315 sections

CHAPTER 1. General §§ 16300–16341 · 49 sections
- § 16300 The General Fund consists of money received into the treasury and not required by law to be credited to any other fund.
- § 16301 Except as otherwise provided by law, all money belonging to the State received from any source whatever by any state agency shall be accounted for to the…
- § 16301.3 (a) Each state agency, department, and entity shall provide its employer identification number to the Treasurer. The Treasurer is authorized to use these…
- § 16301.5 Any money collected or received after September 18, 1947, by the Controller as restitutions from former recipients of relief under the California Unemployment…
- § 16302 Whenever any person donates any money to the State, the Treasurer shall receive it, upon the receipt of a certificate from the Controller. If the donor, at the…
- § 16302.1 (a) Whenever any person pays to any state agency pursuant to law an amount covering taxes, penalties, interest, license, or other fees, or any other payment,…
- § 16302.2 Upon approval of the Director of Finance, any state agency with respect to any amount required to be shown on any form prescribed by the agency, or any amount…
- § 16302.3 Notwithstanding the provisions of Section 16302.2, state agencies may accept forms on which any amount or tax, penalty, interest, license or other fee, or any…
- § 16303 If money withdrawn from the Treasury pursuant to a valid act of appropriation is subsequently returned, in whole or part, the Controller shall credit it back…
- § 16304 An appropriation shall be immediately available for encumbrance or expenditure during the period specified therein, or, if not otherwise limited by law, for…
- § 16304.01 Notwithstanding Section 16304, an appropriation available for the acquisition of real property to the extent that such appropriation is required to carry out…
- § 16304.1 Disbursements in liquidation of encumbrances may be made before or during the two years following the last day an appropriation is available for encumbrance,…
- § 16304.2 Notwithstanding Section 16304, any capital outlay appropriation enacted on or after July 1, 1987, from a fund created by a general obligation bond act approved…
- § 16304.3 (a) Notwithstanding Section 16304, an appropriation for an approved cooperative work agreement shall be available for expenditure as provided in this section.…
- § 16304.5 Upon prior approval of the Department of Finance, contracts for construction of any California State Fair and Exposition project for which funds have been…
- § 16304.6 Within the time during which the appropriation is available for expenditure, the Department of General Services at the request of the director of the…
- § 16304.7 Upon the effective date of an act abolishing any of the powers or duties of any state officer or agency, the unexpended balance of any appropriation for such…
- § 16304.8 Upon the effective date of an act making any change in the fund from which an appropriation for any state officer or agency is payable, such appropriation or…
- § 16304.9 (a) Upon the effective date of an act transferring any of the powers or duties of any state officer or agency to another state officer or agency, the…
- § 16305 The purpose of this legislation is hereby declared to be the establishment of a centralized State Treasury System under which state moneys will be adequately…
- § 16305.1 It is anticipated that as a result of this legislation state agencies will no longer need to maintain large sums of money in agency bank accounts, and that…
- § 16305.2 (a) All money in the possession of or collected by any state agency or department, except for money in the Local Agency Investment Fund, is subject to Sections…
- § 16305.3 All state money shall be deposited in trust in the custody of the Treasurer, except when otherwise authorized by the Director of Finance, or unless deposited…
- § 16305.4 The Director of Finance shall establish any system which may be necessary or convenient in the handling of trust accounts of the state agencies and in…
- § 16305.5 Money in treasury trust accounts shall be deposited, invested and reinvested in the same manner and to the same extent as if the money in trust accounts were…
- § 16305.7 Any increment collected as the result of investment of state money shall be collected by the State Treasurer and reported by him to the State Controller for…
- § 16305.8 (a) Nothing in Sections 16305.3 to 16305.7, inclusive, shall apply to money drawn or collected by the Regents of the University of California. (b) Nothing in…
- § 16305.9 (a) All money in the Local Agency Investment Fund shall be held in trust in the custody of the Treasurer. (b) All money in the Local Agency Investment Fund is…
- § 16306 When any State revenue, other than revenue payable into the General Fund, is set apart to be applied by the State to the support of the public school system…
- § 16307 There are hereby appropriated out of the General Fund such amounts as may be necessary to make such repayments. Such repayments shall be made from the first…
- § 16308 Claims against special fund appropriations for the support of any State agency, that can not be paid by reason of the depletion of the special fund as a result…
- § 16309 If money is set apart from more than one nongeneral fund revenue, and available money is insufficient for repayment in full, repayments shall be made in…
- § 16310 (a) When the General Fund in the Treasury is or will be exhausted, the Controller shall notify the Governor and the Pooled Money Investment Board. The…
- § 16311 The Treasurer may pay all expense for collecting bonds and bond coupons. Where the proceeds of the collection are part of any special fund, the expense shall…
- § 16312 (a) Notwithstanding and in addition to any other provision of law permitting withdrawal of moneys from the General Fund for deposit into a special fund for the…
- § 16312.1 (a) (1) It is in the best interest of the state to ensure that there are adequate resources to fund critical state highway and local road projects in a timely…
- § 16313 Notwithstanding and in addition to any other provision of law permitting loans to state agencies from the Pooled Money Investment Account, the Pooled Money…
- § 16314 (a) The Pooled Money Investment Board shall establish the annual rate of interest charged on short-term loans of state funds executed after January 1, 1981,…
- § 16315 Any appropriation made for major construction, improvements, equipment, designs, working plans, and specifications may be expended to reimburse the Division of…
- § 16316 Any appropriation made for acquisition of real property may be expended to pay for expenses incurred for appraisals, title searches, surveys and other…
- § 16317 (a) The Controller shall maintain a system of accounts for each of the funds redesignated by the act enacting this section as accounts within the…
- § 16317.5 No state funds or employee activities financed by the state shall, directly or indirectly, be used for accounting of, or authorizing the disbursement of, any…
- § 16320 (a) Unless otherwise prohibited by law, moneys in the State Treasury may be loaned from one state fund or account to any other state fund or account to address…
- § 16321 The amount of outstanding loans made pursuant to Section 14556.8 is seven hundred six million dollars ($706,000,000). Four hundred seventy million dollars…
- § 16328 Subdivision (g) of Section 36 of Article XIII of the California Constitution created the Education Protection Account in the State Treasury. Notwithstanding…
- § 16329 Subdivision (d) of Section 36 of Article XIII of the California Constitution created the Local Revenue Fund 2011 in the State Treasury. Notwithstanding any…
- § 16330 (a) (1) The State Agency Investment Fund is hereby created within the State Treasury, for the receipt of deposits from state agencies with moneys not currently…
- § 16340 (a) (1) The Voluntary Investment Program Fund is hereby created within the State Treasury, for the receipt of voluntary deposits from local entities. (2) For…
- § 16341 A state agency that receives revenues for state costs under a cost recovery statute shall account for those revenues to the Controller for deposit into the…
CHAPTER 1.5 Budget Acts §§ 16343–16344 · 2 sections
- § 16343 It is the intent of the Legislature that the list of statutes contained in Section 16344 be used for reference purposes only.
- § 16344 The Budget Act for each fiscal year commencing with the 2011–12 fiscal year consists of the following statutes: (a) Budget Act of 2011 (1) Chapter 33 of the…
CHAPTER 2. Special Funds §§ 16346–16429.10 · 112 sections
1. ARTICLE 1. General §§ 16346–16354 · 9 sections
  - § 16346 Whenever by statutory enactment or operation of the law, a special fund in the State Treasury is abolished, all of its assets, liabilities, and surplus shall,…
  - § 16347 Any moneys received by any state agency after the date of abolition of any special fund in the State Treasury which, by law, would otherwise be required to be…
  - § 16350 Except as otherwise provided by law, every special fund created by a statute which has been repealed or which has been declared invalid by a court of competent…
  - § 16351 (a) When any special fund in the treasury is exhausted, and there is money in the General Fund not required to meet any demand which has accrued or may accrue…
  - § 16351.5 The unexpended balance in any appropriation for capital outlay which the Director of Finance, with the approval of the State Public Works Board, determines not…
  - § 16352 Notwithstanding Section 13340, any augmentation of an appropriation for a state public works project from the General Fund or any other fund in the State…
  - § 16352.5 There is hereby appropriated from the money in the State Construction Program Fund derived from the proceeds of bonds sold pursuant to the Community College…
  - § 16353 The unexpended balance in any appropriation heretofore or hereafter made payable from the State Construction Program Fund which the Director of Finance, with…
  - § 16354 There is hereby appropriated from the State Construction Program Fund, without regard to fiscal years, any amounts transferred to this appropriation in…
2. ARTICLE 1.5. Federal Trust Fund §§ 16360–16365.5 · 7 sections
  - § 16360 The Federal Trust Fund is hereby created in the State Treasury. It consists of money which is paid into it in trust pursuant to law. Notwithstanding any other…
  - § 16361 All money in the Federal Trust Fund is hereby appropriated, without regard to fiscal year, for expenditure for the purposes for which the money deposited…
  - § 16362 Whenever any law provides for the payment and deposit of specific money received by the state from the United States into a specific State Treasury fund, the…
  - § 16363 Whenever any agency receives money from the United States for expenditure by the state and no specific State Treasury fund has been created to which this money…
  - § 16364 The State Controller and all state agencies receiving money from the United States shall keep an accurate account of all money deposited in, transferred to or…
  - § 16365 The Director of Finance and the State Controller may approve any general plan whereby: (a) Any expenditures which are a proper charge against the money made…
  - § 16365.5 Any federal funds received by the state as a result of federally administered timber harvesting pursuant to Section 500 of Title 16 of the United States Code,…
3. ARTICLE 1.7. Federal Block Grant Funds §§ 16366.1–16367.8 · 19 sections
  - § 16366.1 The Legislature hereby finds and declares all of the following: (a) The federal government is proposing significant and fundamental changes in the structure…
  - § 16366.2 As used in this article: (a) “Service provider” means any public or private nonprofit agency which provides service directly to categorical populations. (b)…
  - § 16366.3 Federal block grant legislation provides that, for the first fiscal year, states have the option to accept or reject designated block grants. Consistent with…
  - § 16366.35 Counties shall be granted maximum flexibility in administering federal categorical and block grant programs to the extent permitted by state planning…
  - § 16366.4 (a) Based on the criteria specified in Section 16366.3, the Legislature directs the state to assume administrative responsibility for the following federal…
  - § 16366.5 For the 1981–82 state fiscal year, block grants which the state chooses to accept and administer shall be disbursed in grant form and shall be governed by the…
  - § 16366.6 (a) The funds shall be used to serve the populations defined in the federal statutes and regulations which governed the federal categorical programs as of…
  - § 16366.7 Since federal block grant funds were reduced by an average of 26 percent during the 1981–82 fiscal year and are proposed for further reductions during the…
  - § 16366.8 For those programs for which the state does not assume full administrative responsibility under the block grant consolidations reflected in the federal Omnibus…
  - § 16366.81 It shall be the policy of this state to provide mechanisms for allocating federal employment and training block grant funds which maximize local control and…
  - § 16366.9 (a) The 1981–82 state fiscal year shall be a transition year during which the Legislature shall require certain critical reviews and reports as it deems…
  - § 16367.5 The Department of Community Services and Development shall receive and administer the federal Low-Income Home Energy Assistance Program Block Grant, provided…
  - § 16367.55 (a) In determining the maximum allowable annual payment of Energy Crisis Intervention Program benefits for eligible households under Section 16367.5, the…
  - § 16367.6 (a) The Department of Economic Opportunity shall receive and administer all state and federal funds which are allocated for programs to provide energy…
  - § 16367.61 In order to make administrative improvements in the Low-Income Home Energy Assistance Program components provided for in subdivisions (c), (d), and (e) of…
  - § 16367.65 The Department of Economic Opportunity may enter into an agreement with the California Energy Extension Service to provide technical assistance and outreach…
  - § 16367.7 Whenever the Department of Economic Opportunity does not allocate Energy Crisis Intervention Program funds on schedule to a community-based organization or…
  - § 16367.71 Notwithstanding any other provision of law, whenever a warrant distributed pursuant to Section 16367.5 or 16367.6 remains unclaimed, or the claimant cannot be…
  - § 16367.8 Any advisory agency, commission, or other entity established by any city, county, or special district relative to the application for or use of federal block…
4. ARTICLE 1.8. Special Account for Capital Outlay §§ 16368–16368.1 · 2 sections
  - § 16368 The Special Account for Capital Outlay is hereby created as a special account in the General Fund. This account is a reserve fund within the meaning of Section… see note
  - § 16368.1 Funds deposited in the Special Account for Capital Outlay may be appropriated by the Legislature for the following purposes: (a) To augment the allocations of… see note
5. ARTICLE 1.8. Special Account for Capital Outlay § 16368.2 · 1 section
  - § 16368.2 This article shall become operative upon the date that Article 1.8 (commencing with Section 16368) of Chapter 2 of Part 2 of Division 4 of Title 2 of the… see note
6. ARTICLE 2. Special Deposit Fund §§ 16370–16377 · 8 sections
  - § 16370 The Special Deposit Fund in the treasury is continued in existence. It consists of money which is paid into it in trust pursuant to law. The fund is…
  - § 16371 Trust funds which have come into the possession of any agency of the State may be paid into the Special Deposit Fund in trust, subject to the right of recovery…
  - § 16372 Whenever any law provides for the payment of money into the treasury which has been collected or received for specific purposes by any State agency, and no…
  - § 16373 (a) Money that has remained unclaimed in the hands of any state agency, or for which the claimant cannot be found, may be deposited in the Special Deposit Fund…
  - § 16374 Whenever any money has been deposited in trust in the Treasury by any state agency because it has remained unclaimed, or the claimant cannot be found, the…
  - § 16375 The Controller shall keep an accurate account of all money deposited in the Special Deposit Fund for each respective agency making such a deposit.
  - § 16376 All funds on deposit in trust in the State Treasury for the use and benefit of the California State Historical Association are hereby transferred to the…
  - § 16377 There is permanently established in the Special Deposit Fund in the State Treasury the Child Support Intercept Account which shall be continuously available…
7. ARTICLE 2.5. State Motor Vehicle Insurance Account §§ 16378–16379 · 2 sections
  - § 16378 The State Motor Vehicle Insurance Account is hereby created as a special account in the General Fund. see note
  - § 16379 Amounts collected by the Department of General Services pursuant to subdivision (a) of Section 11290 shall be deposited in the account and such amounts are…
8. ARTICLE 3. General Cash Revolving Fund §§ 16380–16384 · 5 sections
  - § 16380 This article does not apply to the Unemployment Fund or the Unemployment Administration Fund created by the Unemployment Insurance Act.
  - § 16381 The General Cash Revolving Fund in the treasury is continued in existence. Whenever the Governor, upon request of the Controller, determines in writing that…
  - § 16382 This article does not authorize any transfer which will interfere with the carrying out of the object for which a special fund or other State account was…
  - § 16383 Warrants may be drawn by the Controller against the General Cash Revolving Fund, to the extent of the amounts available, in accordance with demands audited…
  - § 16384 The General Cash Revolving Fund shall be reimbursed as provided in Chapter 2, Part 4.
9. ARTICLE 4. State Pay Roll Revolving Fund §§ 16390–16395 · 7 sections
  - § 16390 A revolving fund in the State Treasury is hereby created, to be known as the State Pay Roll Revolving Fund, which fund may be utilized for the payment of…
  - § 16391 The Controller may, from time to time, provide that compensation due officers and employees, and amounts withheld therefrom pursuant to law, where properly…
  - § 16391.1 The Controller may transfer to the State Pay Roll Revolving Fund the contributions required by Sections 20751, 20752, 20782, 20783, 22881, and 22883, and upon…
  - § 16392 Refunds of amounts disbursed from the State Pay Roll Revolving Fund shall, on order of the Controller, be deposited in the State Pay Roll Revolving Fund and,…
  - § 16393 Any amount erroneously paid into the State Pay Roll Revolving Fund shall be refunded by the Controller.
  - § 16394 All amounts increasing the cash balance in the State Pay Roll Revolving Fund pursuant to the cancellation of warrants issued therefrom shall, on order of the…
  - § 16395 For the purpose of determining the fund or funds from which the state’s contributions to the Public Employees’ Retirement Fund under Chapter 6 of Part 3 of…
10. ARTICLE 5. Revolving Funds and Advances §§ 16400–16405 · 8 sections
  - § 16400 (a) Any state agency for which an appropriation is made, may, without at the time furnishing vouchers and itemized statements, draw from that appropriation for…
  - § 16401 Any revolving fund drawn under the provisions of Section 16400 may only be used in accordance with law for payment of compensation earned, traveling expenses,…
  - § 16401.5 (a) Notwithstanding Sections 16400 and 16401, the California State Lottery may draw funds from its continuous appropriation for the purpose of making immediate…
  - § 16402 In lieu of actually withdrawing such revolving fund from the State Treasury, the Controller may in his discretion, upon request of the state agency for which…
  - § 16403 Any state agency that withdraws a revolving fund shall remain fully accountable therefor. All disbursements must be substantiated by vouchers filed with and…
  - § 16404 Where the duties of any state agency for which an appropriation is available make necessary the use of moneys for purposes of a confidential nature, such state…
  - § 16404.5 Notwithstanding Section 16404, the Department of Corrections may withdraw funds for confidential use in an amount not to exceed ten thousand dollars ($10,000)…
  - § 16405 No state agency or person shall use or disburse any money withdrawn under the provisions of this article for any purpose whatever, unless authorized by law.
11. ARTICLE 5.5. Capital Outlay and Savings Fund § 16407 · 1 section
  - § 16407 The Capital Outlay and Savings Fund in the State Treasury is abolished. All money credited to the Capital Outlay and Savings Fund is transferred to the General…
12. ARTICLE 6. Revenue Deficiency Reserve Fund §§ 16410–16412 · 3 sections
  - § 16410 The Revenue Deficiency Reserve Fund in the Treasury is continued in existence to meet the needs of the State for General Fund revenues when revenues from…
  - § 16411 Whenever the Governor, Controller, and Director of Finance determine that the General Fund revenues for any fiscal year commencing on or after July 1, 1947,…
  - § 16412 The money in the Revenue Deficiency Reserve Fund may be loaned temporarily to the General Fund upon the joint authorization of the Governor, Controller, and…
13. ARTICLE 7. United States Flood Control Receipts Fund §§ 16415–16417 · 3 sections
  - § 16415 All money received by the State from the United States in pursuance of any act of Congress providing for the distribution and payment to states and territories…
  - § 16416 The Controller shall keep a record of the money received from the United States on account of the federal flood control land in each county in this State. On…
  - § 16417 The auditor of any county receiving a payment of money pursuant to this article shall immediately apportion the money by placing 50 percent to the credit of…
14. ARTICLE 7.5. Special Fund for Economic Uncertainties § 16418 · 1 section
  - § 16418 (a) The Special Fund for Economic Uncertainties is hereby created in the State Treasury and is continuously appropriated for the purposes of this section. The…
15. ARTICLE 7.6. Contingency Reserve for Economic Uncertainties § 16418.5 · 1 section
  - § 16418.5 (a) Notwithstanding any other provision of law, each special fund shall include a contingency reserve for economic uncertainties. These reserves shall…
16. ARTICLE 7.6.3. Projected Surplus Temporary Holding Account § 16418.7 · 1 section
  - § 16418.7 (a) The Projected Surplus Temporary Holding Account is hereby established in the State Treasury as a General Fund reserve to hold a portion of General Fund…
17. ARTICLE 7.6.5. Budget Deficit Savings Account § 16418.8 · 1 section
  - § 16418.8 (a) The Budget Deficit Savings Account is hereby established in the State Treasury to serve as a supplementary savings account to mitigate the effects of…
18. ARTICLE 7.7. Disaster Relief Fund § 16419 · 1 section
  - § 16419 The Disaster Relief Fund is hereby established. Notwithstanding Section 13340, the fund is continuously appropriated without regard to fiscal years for…
19. ARTICLE 8. Service Revolving Fund §§ 16420–16424 · 5 sections
  - § 16420 There is in the State Treasury the Service Revolving Fund, hereafter referred to as “the fund.”
  - § 16421 The fund consists of the following: (a) All money appropriated by the Legislature for such fund or payable into such fund in accordance with law. (b) All money…
  - § 16422 The fund is under the control of the Department of General Services and is available for expenditure for the payment of rent; the cost of maintaining,…
  - § 16423 The State Printing Fund and the Purchasing Revolving Fund in the State Treasury are abolished. The Controller, on the operative date of this section, shall…
  - § 16424 The Surplus Personal Property Revolving Fund in the State Treasury, created by Section 10383.5 of the Public Contract Code, is abolished. On January 1, 1989,…
20. ARTICLE 9. Litigation Deposits Fund §§ 16425–16428 · 4 sections
  - § 16425 There is in the State Treasury the Litigation Deposits Fund, hereafter referred to as “the fund,” which is hereby appropriated for the purposes of this article.
  - § 16426 The fund consists of all money received as litigation deposits where the State of California is a party to the litigation and no other state statutes…
  - § 16427 (a) For purposes of this article, “department” means the Department of Justice. (b) The fund is under the control of the department. The department shall…
  - § 16428 Money in the fund may be invested and reinvested in any securities described in Section 16430 or deposited in banks as provided in Chapter 4 (commencing with…
21. ARTICLE 9.5. Ratepayer Relief Fund §§ 16428.1–16428.7 · 8 sections
  - § 16428.1 The Legislature finds and declares all of the following: (a) Ratepayers and the state’s economy have been harmed by improper and unfair energy market…
  - § 16428.15 (a) The Ratepayer Relief Fund is hereby established in the State Treasury. The purpose of the fund is to benefit electricity and natural gas ratepayers and to…
  - § 16428.2 As used in this article, the following terms have the following meanings: (a) “Fund” means the Ratepayer Relief Fund established in Section 16428.1. (b)…
  - § 16428.3 (a) Any energy settlement agreement entered into by the Attorney General, after reimbursing the Attorney General’s litigation and investigation expenses, to…
  - § 16428.4 All funds recovered on behalf of the Department of Water Resources, after deduction of litigation and investigation expenses, shall be deposited in the…
  - § 16428.5 Moneys in the fund shall be expended upon appropriation by the Legislature, for the benefit of ratepayers. Moneys in the fund may be appropriated for the…
  - § 16428.6 The Attorney General shall promptly notify the Director of Finance, Senate President pro Tempore, and the Speaker of the Assembly upon agreeing on behalf of…
  - § 16428.7 Nothing in this article affects the allocation of funds from settlements entered into before the effective date of this article.
22. ARTICLE 9.7. Greenhouse Gas Reduction Fund and Cost of Implementation Account §§ 16428.8–16428.95 · 7 sections
  - § 16428.8 (a) The Greenhouse Gas Reduction Fund, hereafter referred to in this article as the fund, is hereby created as a special fund in the State Treasury. (b) Except…
  - § 16428.85 (a) Except as provided in subdivision (b), the Department of Finance shall submit to the Legislature, in bill format, on or before January 10, 2013, a proposal…
  - § 16428.86 (a) Prior to awarding grant funds from moneys made available from the fund, the Department of Food and Agriculture shall review the applicant’s analysis…
  - § 16428.89 No later than January 1, 2021, an agency that receives an appropriation from the Greenhouse Gas Reduction Fund shall post on the internet website of the…
  - § 16428.9 (a) Before expending any moneys appropriated to it by the Legislature from the fund, a state agency shall prepare a record consisting of all of the following:…
  - § 16428.92 (a) The Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3) does not apply to guidelines or other standards…
  - § 16428.95 Notwithstanding Section 38597 of the Health and Safety Code, the Cost of Implementation Account is hereby established in the Air Pollution Control Fund, and…
23. ARTICLE 10. Condemnation Deposits Fund § 16429 · 1 section
  - § 16429 (a) The Condemnation Deposits Fund in the State Treasury is continued in existence. The fund consists of all money deposited in the State Treasury pursuant to…
24. ARTICLE 11. Local Agency Investment Fund §§ 16429.1–16429.4 · 4 sections
  - § 16429.1 (a) There is in trust in the custody of the Treasurer the Local Agency Investment Fund, which fund is hereby created. The Controller shall maintain a separate…
  - § 16429.2 There is created the Local Investment Advisory Board consisting of five members. The chairman shall be the State Treasurer or his or her designated…
  - § 16429.3 Moneys placed with the Treasurer for deposit in the Local Agency Investment Fund by cities, counties, special districts, nonprofit corporations, or qualified…
  - § 16429.4 The right of a city, county, city and county, special district, nonprofit corporation, or qualified quasi-governmental agency to withdraw its deposited moneys…
25. ARTICLE 13. 2022 California Arrearage Payment Program §§ 16429.8–16429.10 · 3 sections
  - § 16429.8 The Legislature finds and declares all of the following: (a) On March 4, 2020, Governor Newsom proclaimed that a state of emergency exists in California as a…
  - § 16429.9 For purposes of this article, the following definitions apply: (a) “2022 CAPP” means the 2022 California Arrearage Payment Program established in Section…
  - § 16429.10 (a) Upon appropriation, the 2022 California Arrearage Payment Program is established in the Department of Community Services and Development. (b) The…
CHAPTER 3. Investments §§ 16430–16495.5 · 42 sections
1. ARTICLE 1. General §§ 16430–16431 · 2 sections
  - § 16430 Eligible securities for the investment of surplus moneys shall be any of the following: (a) Bonds or interest-bearing notes or obligations of the United…
  - § 16431 (a) Notwithstanding any other provisions of this code, funds held by the state, pursuant to a written agreement between the state and employees of the state to…
2. ARTICLE 4. Special Fund Investments §§ 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…
3. ARTICLE 4.5. Treasury Pooled Money Investments §§ 16480–16482 · 16 sections
  - § 16480 All state money held by the State Treasurer in treasury trust accounts, and all money in the State Treasury, except money in the Unemployment Compensation…
  - § 16480.1 There is hereby created a Pooled Money Investment Board, which shall consist of the Controller, Treasurer and Director of Finance. The Pooled Money Investment…
  - § 16480.2 It is the intent of this article that money available for investment or deposit be invested in securities or deposited in banks and savings and loan…
  - § 16480.3 Immediately after designations described in Section 16480.1, the Treasurer shall invest or make deposits in banks and savings and loan associations in…
  - § 16480.35 It is the intent of the Legislature that the Pooled Money Investment Board, in administering its investment program, shall give due regard to assisting such…
  - § 16480.4 (a) Amounts available for investment under this article may be invested and reinvested by the State Treasurer in any securities described in Section 16430 of…
  - § 16480.45 In addition to any other investment authorized by this article, the Treasurer may invest in Property Assessed Clean Energy (PACE) bonds, as defined in Section…
  - § 16480.5 Investments pursuant to this article shall be purchased by Controller’s warrants. Such warrants shall not be drawn upon a fund but shall be drawn on all moneys…
  - § 16480.6 (a) At the conclusion of each calendar quarter, all interest earned and increment derived from investments in securities, time deposits and loans made pursuant…
  - § 16480.7 Not later than 30 days after the close of each month there shall be placed on file for public inspection during business hours at the offices of the…
  - § 16480.8 If any provision in this chapter, or the application thereof to the money in any fund in the Treasury, is held invalid, the remaining provisions of this…
  - § 16480.9 Notwithstanding the provisions of Section 16480.6, as of December 31 and June 30 each year all interest earned and increment derived from the investment…
  - § 16481 Notwithstanding any other provision of the law, the State Treasurer may enter into security loan agreements pursuant to the provisions of Division 8…
  - § 16481.1 The Pooled Money Investment Board shall succeed to and is vested with all of the powers, duties, purposes, responsibilities, and jurisdiction in matters now or…
  - § 16481.2 (a) The Treasurer shall annually prepare and submit to the Pooled Money Investment Board a written statement of investment policy. The Treasurer shall promptly…
  - § 16482 (a) Subject to subdivisions (b) and (c), and notwithstanding any other provision of law, any state agency that has entered into a grant agreement for the…
4. ARTICLE 5. Interfund Purchases, Sales and Transfers of Bond Investments §§ 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,…
5. ARTICLE 6. Local Agency Emergency Loan Fund §§ 16492–16495.5 · 8 sections
  - § 16492 The Legislature finds and declares that local agencies may be unable to sell short-term notes to financial institutions at the end of the 1977–78 fiscal year…
  - § 16492.5 It is the purpose of the Local Agency Emergency Loan Fund to provide short-term loans to local agencies for operational purposes so that vital services are not…
  - § 16493 As used in this article: (a) “Board” means the Pooled Money Investment Board. (b) “Local agency” means a city, county, city and county, special district,…
  - § 16493.5 There is hereby created in the State Treasury a Local Agency Emergency Loan Fund. Short-term loans shall be available to local agencies for the purpose of…
  - § 16494 The amount of any loan shall not exceed 50 percent of the local agency’s property tax revenues for the 1977–78 fiscal year, including state property tax relief…
  - § 16494.7 Notwithstanding any other provision of law, any local agency may apply to the board, by no later than August 21, 1978, for a loan pursuant to this article…
  - § 16495 (a) The board may approve, reduce, or deny any loan application. Such action shall be taken within 10 days of the receipt of an application. No loan shall be…
  - § 16495.5 (a) All loans shall bear an interest rate comparable to the prevailing market interest rate statewide for tax anticipation notes purchased by major California…
CHAPTER 4. Bank Deposits §§ 16500–16565 · 37 sections
1. ARTICLE 1. General §§ 16500–16510 · 12 sections
  - § 16500 As used in this chapter, “eligible bank” means a state or national bank located in this state, selected by the Treasurer for the safekeeping of money belonging…
  - § 16500.5 (a) The definitions in Section 1670 of, and Chapter 1 (commencing with Section 99) of Division 1 of, the Financial Code apply to this section. (b) In this…
  - § 16501 Under the conditions as the Treasurer with the approval of the Director of Finance may establish, the Treasurer may deposit money in banks outside this state…
  - § 16502 All other money in the State Treasury or under the control of the Treasurer belonging to or in the custody of the State, shall, so far as possible, be…
  - § 16503 Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited:…
  - § 16504 Subject to the applicable contract, the Treasurer may call in money from time deposits and place it in demand deposits, when necessary to meet current…
  - § 16505 Deposits in any bank shall not exceed the total of its net worth.
  - § 16506 All money belonging to or in the custody of the state under the control of any state officer or employee, other than the Treasurer, except petty cash funds…
  - § 16507 A State officer is not liable on his official bond for losses caused by the failure of a bank in which is made a deposit of money belonging to an inmate of a…
  - § 16508 The Treasurer is not responsible for any money deposited in a bank pursuant to this chapter, and while it remains so deposited.
  - § 16509 The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him,…
  - § 16510 Any State officer or employee who deposits any money belonging to or in the custody of the State in any manner other than as prescribed in this chapter is…
2. ARTICLE 2. Security for Deposits §§ 16520–16533 · 14 sections
  - § 16520 Security shall not be required for that portion of any deposit that is insured under any law of the United States.
  - § 16521 To be eligible to receive and retain demand or time deposits, a bank shall deposit with the Treasurer as security for such deposits, securities specified in…
  - § 16522 The following securities may be received as security for demand and time deposits: (a) Bonds, notes, or other obligations of the United States, or those for…
  - § 16523 If it appears to him necessary for the security of the State, the Treasurer shall require as a condition of eligibility that a bank furnish an indemnity bond…
  - § 16525 In lieu of deposits of securities, any otherwise eligible bank may deposit with the Treasurer bonds of admitted surety insurers as security for demand and time…
  - § 16526 An admitted surety insurer is not eligible as surety for demand or time deposits in any one bank in amounts in excess of 10 percent of the capital and surplus…
  - § 16527 On demand of the Treasurer, the Insurance Commissioner shall issue a certificate showing the qualifications of any admitted surety insurer as surety for demand…
  - § 16528 The bond of an admitted surety insurer shall not be accepted as security for demand or time deposits unless it has been certified by the Insurance Commissioner…
  - § 16529 The form of bonds required under this chapter shall be prescribed by the Attorney General.
  - § 16530 A surety upon any bond to secure demand or time deposits may terminate the bond as to future liability by giving 10 days’ written notice of termination to the…
  - § 16531 That portion of any security for deposit that is in excess of the requirements of this article may be withdrawn or released on the written consent of the…
  - § 16531.1 (a) Notwithstanding any other law and without regard to fiscal year, if the annual State Budget is not enacted by June 30 of the fiscal year preceding the…
  - § 16532 If any bank fails to pay all or any part of such deposits on demand of the Treasurer, pursuant to the terms and conditions of the contract relating to the…
  - § 16533 If at any time the security deposited with the Treasurer is not deemed satisfactory by the Treasurer, he may require such additional security as is…
3. ARTICLE 3. Custody of Securities §§ 16550–16554 · 5 sections
  - § 16550 As used in this article, “qualified trust company” means the trust department of any State or National bank in this State or a trust company authorized to act…
  - § 16551 With the consent of the bank owning securities deposited or to be deposited with him or her as security, the Treasurer may: (a) Authorize any qualified trust…
  - § 16552 The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof a receipt for any securities received by it…
  - § 16553 Any qualified trust company or any federal reserve bank or any branch thereof to which securities are delivered, either as agent or depositary for the…
  - § 16554 The charges of any qualified trust company or of any federal reserve bank or any branch thereof for the handling and safekeeping of such securities are not a…
4. ARTICLE 4. Contracts §§ 16560–16565 · 6 sections
  - § 16560 The Treasurer shall enter into such contracts with such depositaries as in his judgment will be to the public advantage so to do. The contracts shall fix the…
  - § 16561 In order to obtain as high rates of interest as possible, the contracts may contain any conditions necessary to conform with Section 19 of the Federal Reserve…
  - § 16562 The contracts covering demand state deposits shall provide that each depositary shall render daily to the Treasurer a statement of the account showing the date…
  - § 16563 The contracts shall be executed by the depositaries in triplicate. The Treasurer shall file one copy of each contract with the Controller.
  - § 16564 At the time of depositing State money in any bank, designated as a depositary, the Treasurer shall take and preserve a receipt, certificate of deposit, or such…
  - § 16565 On the order of the Treasurer, depositary banks shall handle, collect and pay all checks, drafts and other exchange in the same manner and under the same…
CHAPTER 4.3. The Accounts Receivable Management Act §§ 16580–16586 · 9 sections
- § 16580 This chapter shall be known and may be cited as the Accounts Receivable Management Act.
- § 16581 “Participant” for the purposes of this chapter means all state agencies, departments, and offices.
- § 16582 Within the uniform state payroll system, the Controller may, for each participant, disregard errors of twenty-five dollars ($25) or less in individual accounts…
- § 16583 (a) Each participant shall allocate collection resources based on giving highest priority to those accounts with the highest expected return. (b) Each…
- § 16583.1 A participant may impose a reasonable fee, not to exceed the actual costs, to recover the participant’s collection costs on a past due account.
- § 16583.2 (a) A participant shall submit an annual report to the Controller of the participant’s accounts receivables and discharged accounts. (b) The Controller shall…
- § 16584 (a) A participant may enter into a contract with a private debt collector or private person or entity for the assignment or sale of all or part of its accounts…
- § 16585 (a) A city, county, or city and county may sell or transfer part or all of its accounts receivable to a private debt collector or private persons or entities,…
- § 16586 Claims for reimbursement under Sections 11487 and 11487.5 of the Welfare and Institutions Code are not subject to this chapter.
CHAPTER 4.5. Savings and Loan Association Deposits §§ 16600–16634 · 33 sections
1. ARTICLE 1. General §§ 16600–16609 · 10 sections
  - § 16600 (a) As used in this chapter, the following definitions shall apply: (1) “Eligible savings and loan association” means a state or federal savings association,…
  - § 16601 Notwithstanding Section 16502, all other money in the State Treasury or under the control of the Treasurer belonging to or in the custody of the state, shall,…
  - § 16602 Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited…
  - § 16603 Subject to the applicable contract, the Treasurer may call in money from deposits in savings and loan associations and credit unions and place it in demand…
  - § 16604 Deposits in any savings and loan association or credit union shall not exceed the total of its net worth.
  - § 16605 Notwithstanding Section 16506, all money belonging to or in the custody of the state under the control of any state officer or employee, other than the…
  - § 16606 A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit…
  - § 16607 The Treasurer is not responsible for any money deposited in a savings and loan association or credit union pursuant to this chapter, and while it remains so…
  - § 16608 The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him,…
  - § 16609 Any state officer or employee who deposits any money belonging to or in the custody of the state in any manner other than as prescribed in this chapter or…
2. ARTICLE 2. Security for Deposits §§ 16610–16622 · 13 sections
  - § 16610 Security shall not be required for that portion of any deposit that is insured under any law of the United States.
  - § 16611 To be eligible to receive and retain deposits, a savings and loan association and credit union shall deposit with the Treasurer as security for deposits,…
  - § 16612 The following securities may be received as security for deposits: (a) Bonds, notes, or other obligations of the United States, or those for which the faith…
  - § 16613 If it appears to him or her necessary for the security of the state, the Treasurer shall require as a condition of eligibility that a savings and loan…
  - § 16614 In lieu of deposits of securities, any otherwise eligible savings and loan association or credit union may deposit with the Treasurer bonds of admitted surety…
  - § 16615 An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of…
  - § 16616 On demand of the Treasurer, the Insurance Commissioner shall issue a certificate showing the qualifications of any admitted surety insurer as surety for…
  - § 16617 The bond of an admitted surety insurer shall not be accepted as security for deposits unless it has been certified by the Insurance Commissioner as meeting the…
  - § 16618 The form of bonds required under this chapter shall be prescribed by the Attorney General.
  - § 16619 A surety upon any bond to secure deposits may terminate the bond as to future liability by giving 10 days’ written notice of termination to the Treasurer. Such…
  - § 16620 That portion of any security for deposit that is in excess of the requirements of this article may be withdrawn or released on the written consent of the…
  - § 16621 If any savings and loan association or credit union fails to pay all or any part of deposits on demand of the Treasurer, pursuant to the terms and conditions…
  - § 16622 If at any time the security deposited with the Treasurer is not deemed satisfactory by the Treasurer, he may require such additional security as is…
3. ARTICLE 3. Custody of Securities §§ 16625–16629 · 5 sections
  - § 16625 As used in this article, “qualified trust company” means the trust department of any state or national bank in this state or a trust company authorized to act…
  - § 16626 With the consent of the savings and loan association or credit union owning securities deposited or to be deposited with him or her as security, the Treasurer…
  - § 16627 The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco…
  - § 16628 Any qualified trust company or any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco to which securities are delivered,…
  - § 16629 The charges of any qualified trust company or of any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco for the handling…
4. ARTICLE 4. Contracts §§ 16630–16634 · 5 sections
  - § 16630 The Treasurer shall enter into contracts with savings and loan associations as in his or her judgment will be to the public advantage so to do. The contracts…
  - § 16631 In order to obtain as high rates of interest as possible, the contracts may contain any conditions necessary to conform with Section 5B of the Federal Home…
  - § 16632 The contracts covering deposits shall provide that the interest to be paid by the savings and loan association or credit union shall be paid upon the…
  - § 16633 The contracts shall be executed by the savings and loan associations and credit unions in triplicate. The Treasurer shall file one copy of each contract with…
  - § 16634 At the time of depositing state money in any savings and loan association or credit union, designated as a depository, the Treasurer shall take and preserve a…
CHAPTER 5. Indemnification §§ 16640–16642 · 4 sections
- § 16640 Present and former members of the governing board of any trust fund, jointly and individually, state officers and employees, and investment managers under…
- § 16641 Present and former Regents of the University of California, jointly and individually, officers and employees of the University of California, and investment…
- § 16641.5 The Public Employees’ Retirement System, as a public entity, and the present, future, and former board members of the Public Employees’ Retirement System,…
- § 16642 (a) Present, future, and former board members of the Public Employees’ Retirement System or the State Teachers’ Retirement System, jointly and individually,… see note
CHAPTER 6. Prohibition on Use of State Funds and Facilities to Assist, Promote, or Deter Union Organizing §§ 16645–16649 · 13 sections
- § 16645 For purposes of this chapter, the following terms have the following meanings: (a) “Assist, promote, or deter union organizing” means any attempt by an…
- § 16645.1 (a) No state funds shall be used to reimburse a state contractor for any costs incurred to assist, promote, or deter union organizing. (b) Every request for…
- § 16645.2 (a) The recipient of a grant of state funds, including state funds disbursed as a grant by a public agency, shall not use the funds to assist, promote, or…
- § 16645.3 (a) No state contractor shall assist, promote, or deter union organizing by employees who are performing work on a service contract, including a public works…
- § 16645.4 (a) A state contractor that receives state funds in excess of fifty thousand dollars ($50,000) pursuant to a contract with the state or a state agency shall…
- § 16645.5 (a) An employer conducting business on state property pursuant to a contract or concession agreement with the state or a state agency, or a subcontractor on…
- § 16645.6 (a) A public employer receiving state funds shall not use any of those funds to assist, promote, or deter union organizing. (b) Any public official who…
- § 16645.7 (a) A private employer receiving state funds in excess of ten thousand dollars ($10,000) in any calendar year on account of its participation in a state…
- § 16645.8 (a) A civil action for a violation of this chapter may be brought by the Attorney General, or by any state taxpayer, on behalf of the people of the State of…
- § 16646 (a) For purposes of this chapter, any expense, including legal and consulting fees and salaries of supervisors and employees, incurred for research for, or…
- § 16647 This chapter does not apply to an activity performed, or to an expense incurred, in connection with any of the following: (a) Addressing a grievance or…
- § 16648 This chapter does not apply to an expenditure made prior to January 1, 2001, or to a grant or contract awarded prior to January 1, 2001, unless the grant or…
- § 16649 The provisions of this chapter are severable. If any section or portion of this chapter, or any application thereof, is held invalid, in whole or in part, that…
CHAPTER 7. Prohibited Business Arrangements §§ 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…