California Food and Agricultural Code

§ 78866

FAC § 78866 Effective Jan 1, 2006Div. 22 · Part 2 · Ch. 24.5 · Art. 3

Statute text

All funds received by the assessments levied pursuant to this chapter or otherwise received by the commission shall be deposited in banks that the commission may designate and shall be disbursed by order of the commission through an agent or agents as it may designate. 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 an amount of not less than twenty-five thousand dollars ($25,000).

Legislative history

Added by Stats. 2005, Ch. 597, Sec. 1. Effective January 1, 2006.