CHAPTER 6. Financial Transactions and Audits [71560. - 71562.]

Chapter 6 added by Stats. 2010, Ch. 687, Sec. 2.

§§ 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…