California · Government Code
GOV §7602: A state agency which is authorized pursuant to Section 22312 of the Education Code and Sections 16481 and 20208.
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A state agency which is authorized pursuant to Section 22312 of the Education Code and Sections 16481 and 20208.5 of the Government Code may enter into security loan agreements with broker-dealers and with any state or national banks for the purpose of prudently supplementing the income normally received from investments.
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