California Food and Agricultural Code

§ 73123

FAC § 73123 Effective Jul 28, 1983Div. 22 · Part 2 · Ch. 11 · Art. 3

Statute text

All funds received by any person from the assessments levied under the authority of this chapter, or otherwise received by the commission, shall be deposited in the banks or other appropriate financial institutions designated by the commission and shall be disbursed by order of the commission through the agent or agents that it designated for that purpose. The agent or agents shall be bonded by a fidelity bond, executed by a surety company authorized to transact business in this state, in favor of the commission, in the amount of not less than one hundred thousand dollars ($100,000).

Legislative history

Added by Stats. 1983, Ch. 494, Sec. 1. Effective July 28, 1983.