California Public Resources Code CHAPTER 6 - Financial Transactions and Audits

• Section 71560.
  (a) The endowment may receive charitable contributions or any sources of income that may be lawfully received, including loans from the state.(b) The endowment shall administer any...
• Section 71561.
  The endowment funds shall be administered and managed in accordance with all of the following:(a) Reasonably prudent investor standards that will give the fund the capacity...
• Section 71562.
  Funds held by the endowment shall revert to the state or to another public agency or nonprofit organization approved by the state if the endowment...

Last modified: October 22, 2018