California · Government Code

GOV §6931: Each securities transaction or brokerage agreement carried out for a governmental investor pursuant to a soft dollar and directed brokerage arrangement, as defined in subdivision (b) of Section 6930,

What this law says, in plain English

This statute addresses securities transactions and brokerage agreements for governmental investors using soft dollar and directed brokerage arrangements as defined in Section 6930(b).

Read the full statutory text

Each securities transaction or brokerage agreement carried out for a governmental investor pursuant to a soft dollar and directed brokerage arrangement, as defined in subdivision (b) of Section 6930, shall be executed at the lowest responsible transaction cost available.

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