California Government Code

§ 16630

GOV § 16630Div. 4 · Title 2 · Part 2 · Ch. 4.5 · Art. 4

Statute text

The Treasurer shall enter into contracts with savings and loan associations as in his or her judgment will be to the public advantage so to do. The contracts shall fix the duration of deposits and the rates of interest to be received, if any, the interest payment date, and provide conditions for their withdrawal, repayment, and security.

Legislative history

Amended by Stats. 1987, Ch. 1035, Sec. 15.