California Financial Code ARTICLE 3 - Government Guaranteed Securities Trust Fund

• Section 32420.
  In this article “trust fund” means the government guaranteed securities trust fund of the corporation.(Added by Stats. 1980, Ch. 819, Sec. 1.)
• Section 32421.
  The finance officer shall place into the trust fund all securities held by the corporation which carry a guarantee of repayment issued by the Small...
• Section 32422.
  According to policies and regulations which the board shall adopt, the finance officer shall use his or her best efforts to sell the guaranteed portion...
• Section 32423.
  The proceeds of the sale of government guaranteed securities shall be allocated to the accounts of the corporation in the following manner:(a) That portion of the...

Last modified: October 22, 2018