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California · Through 2026-09-13

GOV § 13470

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Where this section sits in the code
  1. Government Code - GOV
  2. TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]
  3. DIVISION 3. EXECUTIVE DEPARTMENT [11000. - 15990.3.]
  4. PART 3. DEPARTMENT OF FINANCE [13000. - 13881.]
  5. CHAPTER 6. Purchase and Sale of Bonds [13451. - 13474.]
  6. ARTICLE 2. State School Funds [13470. - 13474.]

Whenever there is in the treasury to the credit of the Unclaimed Property Fund the sum of twenty thousand dollars ($20,000) or more, the Director of Finance shall invest all but ten thousand dollars ($10,000) in the bonds specified in this article. No investment shall be made which will reduce the uninvested portion of the fund below the amount of ten thousand dollars ($10,000), and whenever a demand presented against the fund will reduce the amount of cash therein below ten thousand dollars ($10,000), the director shall sell such bonds belonging to the fund as he deems proper, so as to restore the cash retention of ten thousand dollars ($10,000).

Collected 2026-09-14T05:56:33Z. Source file · JSON

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