California · Government Code

GOV §7600: It is the intent of the Legislature that: (a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements; (b) State agencies charged with such aut

What this law says, in plain English

The Legislature intends to authorize specified state agencies to invest in marketable securities and enter into security loan agreements.

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It is the intent of the Legislature that: (a) Specified state agencies be authorized to invest marketable securities by entering into security loan agreements; (b) State agencies charged with such authority exercise prudence in making such agreements; (c) Sound fiscal management be established with respect to transactions involving security agreements.

Verify at the official source: California legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.