reglab/housing_qa huggingface dataset:
CA Govt Code § 16481.2 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 4.5 - Treasury Pooled Money Investments|Section 16481.2.

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 notify the board of any material change in the statement of investment policy. The board shall consider the statement of investment policy and any changes therein at a public meeting.(b) In addition to the report required by Section 16480.7, the Treasurer shall submit a quarterly report to the Pooled Money Investment Board within 30 days following the end of the quarter covered by the report containing the following:(1) The type of investment, name of the issuer, date of maturity, par and dollar amount invested in each security, investment, and money within the treasury.(2) The weighted average maturity of the investments within the treasury.(3) Any funds, investments, or programs, including loans, that are under the management of contracted parties.(4) The market value as of the date of the report, and the source of this valuation for any security within the treasury.(5) A description of the compliance with the statement of investment policy.(c) The board may, by resolution, require the treasurer to report the information required in subdivision (b) every month rather than quarterly.(Added by Stats. 1995, Ch. 783, Sec. 1. Effective January 1, 1996.)
CA Govt Code § 16482 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 4.5 - Treasury Pooled Money Investments|Section 16482.

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 expenditure of state bond funds where the state agency or grant recipient is, or may be, unable to comply with the terms of that agreement because of the suspension of interim funding for projects and contracts by the Pooled Money Investment Board on or after December 18, 2008, shall, with the consent of the grant recipient, have authority to do either of the following:(1) Renegotiate, modify, or eliminate the deadlines and timetables for deliverables within the grant agreement in order to address the suspension.(2) Terminate the grant agreement if no grant funds have yet been delivered thereunder.(b) Nothing in this section shall modify any act under which bonds are authorized to be issued or the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code).(c) The authority granted under this section is supplemental and in addition to any other authority provided under law. Nothing in this section, in and of itself, modifies any existing grant agreement rights and obligations.(Added by Stats. 2009, Ch. 526, Sec. 1. (AB 1364) Effective October 11, 2009.)
CA Govt Code § 16485 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16485.

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 cases:(a) When bonds held as investments by a fund in the State Treasury are to be sold by such fund to, and purchased for, another State Treasury fund; or(b) When, under any provision of law, a specific amount of cash is required to be paid from a fund in the State Treasury holding bond investments to another State Treasury fund, and it is in the interest of the State to transfer all or part of such amount in bonds, in lieu of cash, because the amount of cash required to be transferred is not needed for the immediate use of the fund to which such amount is required to be paid.(Added by Stats. 1951, Ch. 208.)
CA Govt Code § 16486 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16486.

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 agency authorized by law to purchase or sell bond investments on behalf of that fund.(b) “Effective date” means the date on which the sale or transfer of bonds is to take effect.(c) “Market value” means the market value of the bonds to be sold, purchased, or transferred, as that value is jointly determined by the respective investing authorities of the funds affected by the transaction, plus the accrued interest on the bonds, as of the effective date. If the respective investing authorities fail to agree, the “market value” of the bonds shall be determined by the Treasurer.(d) “Bond” means any bond, note, or other form of indebtedness that is a legal investment for any state fund affected by the transaction.(Amended by Stats. 1996, Ch. 320, Sec. 25. Effective January 1, 1997.)
CA Govt Code § 16487 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16487.

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 Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340), Chapter 4 (commencing with Section 11370), and Chapter 5 (commencing with Section 11500) of Part 1 of Division 3).(Amended by Stats. 1996, Ch. 320, Sec. 26. Effective January 1, 1997.)
CA Govt Code § 16488 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16488.

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 act which, under such procedure, is an essential step in the purchase, sale or transfer of bonds thereunder.(Added by Stats. 1951, Ch. 208.)
CA Govt Code § 16489 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16489.

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 cash in that amount, in any purchase, sale or transfer of bonds in lieu of cash thereunder.(Added by Stats. 1951, Ch. 208.)
CA Govt Code § 16490 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 5 - Interfund Purchases, Sales and Transfers of Bond Investments|Section 16490.

16490.  Any procedure established under this article shall require that in connection with any purchase, sale or transfer of bonds thereunder, the State Controller, State Treasurer, Director of Finance, and each investing authority shall be furnished a copy of:(a) Every journal entry and other accounting instrument prepared by the State Controller and the State Treasurer for the purpose of recording such transaction on their accounts;(b) The determination of market value and effective date made by each investing authority in connection with such transaction.(Added by Stats. 1951, Ch. 208.)
CA Govt Code § 16492 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16492.

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 and the beginning of the 1978–79 fiscal year due to the lack of certainty in their ability to raise revenue to repay such short-term notes. Therefore, another source of short-term financing is necessary to ensure the orderly delivery of basic programs and services during the beginning of the fiscal year. In order to meet this need, the state, in this article, hereby establishes a Local Agency Emergency Loan Fund to serve as the lender of last resort.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16492.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16492.5.

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 interrupted.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16493 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16493.

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, school district, county board of education, or community college district which levied a property tax during the 1977–78 fiscal year or for which a property tax was levied. “Local agency” also means any city, special district, or school district formed during the 1977–78 fiscal year which was authorized to levy a property tax but did not actually levy such a tax for that year.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16493.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16493.5.

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 meeting operating costs at the end of the 1977–78 fiscal year and during the 1978–79 fiscal year. Such funds shall not be used for capital outlay projects.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16494 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16494.

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 subventions. The maximum amount of a loan to a local agency which was formed during the 1977–78 fiscal year and authorized to levy a property tax, but did not do so, shall be no more than 50 percent of the amount such agency could have levied if it had levied such a tax.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16494.7 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16494.7.

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 after the adoption by the local agency’s governing body of a resolution containing all of the following:(a) A statement that the local agency is authorized to issue revenue or tax anticipation notes;(b) A statement indicating the local agency’s property tax revenues for the 1977–78 fiscal year, including state property tax subvention. With respect to a local agency formed during the 1977–78 fiscal year and authorized to levy a property tax, but did not do so, a statement estimating the amount such agency could have levied if it had levied such a tax;(c) A finding based on substantial evidence that the agency’s cash flow is not sufficient to meet current obligations for the operation of vital services and that all unrestricted reserves except for a prudent surplus have been exhausted or will be exhausted at the time the loan is made;(d) A statement that taxes, revenues, and other income not obligated by law for a specific purpose and anticipated to be received during the 1978–79 fiscal year, will be available to repay the principal and interest on such loan before May 31, 1979;(e) A statement that revenue and tax anticipation notes are not currently being purchased from the local agency by private lenders; and(f) Evidence that the local agency is unable to use interfund transfers to meet its short-term cash obligations.(Amended by Stats. 1978, Ch. 332.)
CA Govt Code § 16495 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16495.

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 made by the board after August 31, 1978. The board shall establish the form and content of loan applications, and procedures for periodic disbursements of approved loans to local agencies.(b) For the purposes of this article, each member of the board may appoint a representative to act on his behalf. The board shall have the authority to appoint sufficient staff to process loan applications received by the board.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16495.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 3 - Investments|ARTICLE 6 - Local Agency Emergency Loan Fund|Section 16495.5.

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 banks, as determined by the board. The interest on such loans shall accrue until final payment.(b) Any such loan constitutes a lien and charge against the taxes, revenues, and other income not obligated by law collected during the fiscal year in which it was borrowed. The loan shall be repaid into the General Fund from the money received by the local agency from the taxes, revenues, and income as it becomes available. At a minimum, 50 percent of the principal and interest shall be repaid by December 31, 1978, and the remaining principal and interest shall be repaid by May 31, 1979. If such loan is not repaid, the board shall request the State Controller to offset the amount not repaid against any payments required by law to be made by the state to the defaulting local agency. If the total of such payments is less than the amount owed to the state, the state may exercise its lien rights pursuant to this section.(c) The State Controller may audit all loan recipients.(Added by Stats. 1978, Ch. 292.)
CA Govt Code § 16500 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16500.

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 to or in the custody of the state, that has received an overall rating of not less than “satisfactory” in its most recent evaluation by the appropriate federal financial supervisory agency of the bank’s record of meeting the credit needs of the state’s communities, including low- and moderate-income neighborhoods, pursuant to Section 2906 of Title 12 of the United States Code. An eligible bank is eligible to receive deposits only to the extent that it furnishes the security required by this chapter.(Amended by Stats. 2000, Ch. 1036, Sec. 1. Effective January 1, 2001.)
CA Govt Code § 16500.5 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16500.5.

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 chapter, for purposes of being an eligible bank for the safekeeping of moneys belonging to, or in the custody of, the state, the phrases “state or national bank located in this state,” “state or national bank,” “state or national bank in this state,” and “state or national banks in the state” shall include, without limitation, any of the following:(1) Any California branch office of a foreign (other state) state bank that the bank is authorized to maintain under the law of its domicile and federal law.(2) Any California branch office of a foreign (other state) national bank that the bank is authorized to maintain under federal law.(3) Any California branch office of a foreign (other nation) bank that the bank is licensed to maintain under Article 3 (commencing with Section 1800) of Chapter 20 of Division 1 of the Financial Code.(4) Any California federal branch of a foreign (other nation) bank that the bank is authorized to maintain under federal law.(Amended by Stats. 2018, Ch. 92, Sec. 105. (SB 1289) Effective January 1, 2019.)
CA Govt Code § 16501 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16501.

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 when the banks are fiscal agents of the state or custodians of securities owned by the state, if the banks have an overall rating of not less than “satisfactory” in their most recent evaluation by the appropriate federal financial supervisory agency of the banks’ record of meeting the credit needs of the communities in which the bank is located, including low- and moderate-income neighborhoods, pursuant to Section 2906 of Title 12 of the United States Code.(Amended by Stats. 2000, Ch. 1036, Sec. 2. Effective January 1, 2001.)
CA Govt Code § 16502 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16502.

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 deposited by the Treasurer to the credit of the State in eligible banks. Any sum in the State Treasury so deposited is deemed to be in the State Treasury. Any other amount so deposited is deemed to be held in trust by the Treasurer.(Amended by Stats. 1957, Ch. 1542.)
CA Govt Code § 16503 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16503.

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:(a) As time deposits, and the rates of interest to be received.(b) As demand deposits, and the rates of interest to be received, if any.(Amended by Stats. 1983, Ch. 142, Sec. 48.)
CA Govt Code § 16504 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16504.

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 requirements; and time money in his possession for which there is no demand may be placed as demand deposits.(Amended by Stats. 1961, Ch. 69.)
CA Govt Code § 16505 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16505.

16505.  Deposits in any bank shall not exceed the total of its net worth.(Amended by Stats. 1992, Ch. 509, Sec. 6. Effective January 1, 1993.)
CA Govt Code § 16506 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16506.

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 authorized by the Department of Finance, shall be deposited in such state or national banks in this state and under such conditions as the Director of Finance prescribes. Banks receiving such deposits shall be required to deposit with the Treasurer the same security as is required by this chapter for deposits made by the Treasurer.Banks receiving deposits of money from a county advanced or apportioned to it pursuant to Section 4481 of the Food and Agricultural Code shall be required to secure such deposits in accordance with Article 2 (commencing with Section 53630) of Chapter 4, Part 1, Division 2 of Title 5.(Amended by Stats. 1974, Ch. 1221.)
CA Govt Code § 16507 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16507.

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 State institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he made the deposit in good faith and in accordance with law.(Added by Stats. 1945, Ch. 120.)
CA Govt Code § 16508 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16508.

16508.  The Treasurer is not responsible for any money deposited in a bank pursuant to this chapter, and while it remains so deposited.(Amended by Stats. 1957, Ch. 1542.)
CA Govt Code § 16509 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16509.

16509.  The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him, the interest received on deposits, and the proceeds of any sale under this chapter. The State is responsible for the custody and safe return of any securities so deposited.(Added by Stats. 1945, Ch. 120.)
CA Govt Code § 16510 (2021)
2021 California Code|Government Code - GOV|TITLE 2 - GOVERNMENT OF THE STATE OF CALIFORNIA|DIVISION 4 - FISCAL AFFAIRS|PART 2 - STATE FUNDS|CHAPTER 4 - Bank Deposits|ARTICLE 1 - General|Section 16510.

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 subject to forfeiture of his office or employment.(Added by Stats. 1945, Ch. 120.)