California Public Resources Code ARTICLE 4 - California Ocean Trust

• Section 36990.
  (a) The Secretary of the Resources Agency may enter into an agreement with an existing nonprofit corporation with broad experience as the trustee of public funds,...
• Section 36991.
  The trust shall be subject to the Nonprofit Public Benefit Corporation Law, Part 2 (commencing with Section 5110) of Division 2 of Title 1 of...
• Section 36992.
  The trust shall have 10 trustees, who shall be appointed as follows:(a) The Secretary of the Resources Agency shall appoint the following trustees, who shall serve...
• Section 36993.
  (a) Any person who might reasonably be expected at some time to derive a direct financial benefit from the activities of the trust shall be ineligible...
• Section 36994.
  (a) The trust shall do all of the following:(1) Expend funds only for the purposes of the trust enumerated in Section 36990 and as further restricted by...
• Section 36995.
  (a) The trust may seek the assistance of advisers, form advisory committees, or otherwise consult with knowledgeable individuals in regard to the business of the trust.(b) Advisers...

Last modified: October 22, 2018