California Government Code CHAPTER 7 - Prohibited Business Arrangements

Section 16649.80.
The definitions in this section shall govern the construction and interpretation of this chapter.(a) “Investment” or “invest” means the commitment of funds or other assets to...
Section 16649.81.
On or after January 1, 1994, state trust moneys shall not be used to make additional or new investments or to renew existing investments in...
Section 16649.82.
Section 16649.81 shall not apply to any business firm which, by resolution of its governing body, adopts a policy not to renew existing, expand existing,...
Section 16649.83.
On or after January 1, 1994, state trust moneys shall not be used to make additional or new investments or to renew existing investments in...
Section 16649.84.
Section 16649.83 shall not apply to any financial institution which, by resolution of its governing body, adopts a policy not to renew existing, expand existing,...
Section 16649.86.
(a) A copy of a resolution, as described in Sections 16649.82 and 16649.84, shall be submitted to the Treasurer and to the chief administrative officer of...
Section 16649.87.
Beginning January 1, 1995, and continuing thereafter until January 1, 1998, state trust funds shall annually reduce by one-third the value of their respective investments...
Section 16649.88.
Effective January 1, 1998, state trust funds shall not make or hold any investment in any business firm or financial institution that engages in discriminatory...
Section 16649.89.
State moneys shall not be deposited with financial institutions that, following January 1, 1994, engage in discriminatory business practices in furtherance of or in compliance...
Section 16649.90.
The prohibitions contained in Sections 16649.83, 16649.87, 16649.88, and 16649.89, shall not apply to any loan or extension of credit for which an agreement is...
Section 16649.92.
Present, future, and former members of the governing board of any trust fund, jointly and individually, state officers and employees, and investment managers under contract...
Section 16649.93.
Present, future, and former Regents of the University of California, jointly and individually, officers and employees of the University of California, and investment managers under...
Section 16649.94.
This chapter shall not apply to any Internal Revenue Code Section 457, 401(k), or 403(b) defined contribution plan administered by the Department of Human Resources.(Amended...
Section 16649.95.
(a) Nothing in this chapter shall prohibit a business firm from utilizing a single resolution to satisfy the requirements of both Sections 16649.82 and 16641.5, provided...

Last modified: October 22, 2018