ARTICLE 9. Litigation Deposits Fund

Article 9 added by Stats. 1971, Ch.

§§ 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…