California Government Code ARTICLE 1 - General

  • Section 16500.
    As used in this chapter, “eligible bank” means a state or national bank located in this state, selected by the Treasurer for the safekeeping of...
  • Section 16500.5.
    (a) The definitions in Section 1700 of, and Chapter 1 (commencing with Section 99) of Division 1 of, the Financial Code apply to this section.(b) In this...
  • Section 16501.
    Under the conditions as the Treasurer with the approval of the Director of Finance may establish, the Treasurer may deposit money in banks outside this...
  • Section 16502.
    All other money in the State Treasury or under the control of the Treasurer belonging to or in the custody of the State, shall, so...
  • Section 16503.
    Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited:(a) As...
  • Section 16504.
    Subject to the applicable contract, the Treasurer may call in money from time deposits and place it in demand deposits, when necessary to meet current...
  • Section 16505.
    Deposits in any bank shall not exceed the total of its net worth.(Amended by Stats. 1992, Ch. 509, Sec. 6. Effective January 1, 1993.)
  • Section 16506.
    All money belonging to or in the custody of the state under the control of any state officer or employee, other than the Treasurer, except...
  • Section 16507.
    A State officer is not liable on his official bond for losses caused by the failure of a bank in which is made a deposit...
  • Section 16508.
    The Treasurer is not responsible for any money deposited in a bank pursuant to this chapter, and while it remains so deposited.(Amended by Stats. 1957,...
  • Section 16509.
    The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him, the interest received...
  • Section 16510.
    Any State officer or employee who deposits any money belonging to or in the custody of the State in any manner other than as prescribed...

Last modified: October 22, 2018