DIVISION 37. CALIFORNIA ENDOWMENT FOR MARINE PRESERVATION [71500. - 71562.]

Division 37 added by Stats. 2010, Ch. 687, Sec. 2.

§§ 71500–71562 · 17 sections

1. CHAPTER 1. Findings and Declarations § 71500 · 1 section

   • § 71500 (a) The Legislature hereby finds and declares all of the following: (1) The Pacific Ocean and its rich marine living resources are of great environmental,…
2. CHAPTER 2. Definitions § 71520 · 1 section

   • § 71520 Unless the context requires otherwise, the following definitions govern the construction of this division: (a) “Board” or “endowment board” means the Board of…
3. CHAPTER 3. Establishment and Governance §§ 71530–71534 · 5 sections

   • § 71530 The California Endowment for Marine Preservation is hereby established. The endowment is subject to this division and to the Nonprofit Public Benefit…
   • § 71531 The endowment is governed by the Board of Directors of the California Endowment for Marine Preservation, consisting of the following members: (a) The Secretary…
   • § 71532 The term of office of each member of the board appointed pursuant to subdivisions (c) to (e), inclusive, of Section 71531 is six years. However, the term of…
   • § 71533 Any vacancy on the board shall be filled by the appointing authority for the remainder of the unexpired term.
   • § 71534 (a) The board shall conduct its initial meeting as soon as possible after incorporation. (b) The board shall meet as often as required, but at least twice per…
4. CHAPTER 5. Powers and Duties §§ 71550–71556 · 7 sections

   • § 71550 (a) The members of the board first appointed shall serve as incorporators of the endowment and shall take whatever actions are necessary to establish the…
   • § 71551 The California Endowment for Marine Preservation shall receive funds generated pursuant to the California Marine Resources Legacy Act (Article 2 (commencing…
   • § 71552 (a) The purpose of the endowment is to create a permanent source of funding for projects and programs that will conserve, protect, restore, and enhance the…
   • § 71553 Members of the board and appropriate staff shall be available to testify before appropriate committees of the Legislature.
   • § 71554 The endowment shall not contribute to, or otherwise support, any political party, candidate for elective public office, or ballot measure.
   • § 71555 The endowment may hire employees and may obtain legal counsel. No employee of the endowment is an employee of the State of California. No employee of the…
   • § 71556 The endowment shall coordinate its activities with the Department of Fish and Game, the California Coastal Commission, the San Francisco Bay Conservation and…
5. CHAPTER 6. Financial Transactions and Audits §§ 71560–71562 · 3 sections

   • § 71560 (a) The endowment may receive charitable contributions or any sources of income that may be lawfully received, including loans from the state. (b) The…
   • § 71561 The endowment funds shall be administered and managed in accordance with all of the following: (a) Reasonably prudent investor standards that will give the…
   • § 71562 Funds held by the endowment shall revert to the state or to another public agency or nonprofit organization approved by the state if the endowment does any of…