California Government Code ARTICLE 9 - Litigation Deposits Fund

• Section 16425.
  There is in the State Treasury the Litigation Deposits Fund, hereafter referred to as “the fund,” which is hereby appropriated for the purposes of this...
• Section 16426.
  The fund consists of all money received as litigation deposits where the State of California is a party to the litigation and no other state...
• Section 16427.
  (a) For purposes of this article, “department” means the Department of Justice.(b) The fund is under the control of the department. The department shall maintain accounting records...
• Section 16428.
  Money in the fund may be invested and reinvested in any securities described in Section 16430 or deposited in banks as provided in Chapter 4...

Last modified: October 22, 2018