California Government Code

§ 8670.53.3

GOV § 8670.53.3 Effective Oct 10, 2007Div. 1 · Title 2 · Ch. 7.4 · Art. 7.5

Statute text

(a)For purposes of this section, the following definitions shall apply:

(1)“Bond” means any bond, note, commercial paper, bond anticipation note, or other evidence of indebtedness that the Treasurer is authorized to issue for purposes of this chapter.

(2)“Standby arrangement” means a line of credit, letter of credit, or other financial arrangement with a financial institution or lending entity that allows for ready access to money.

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Legislative history

Amended by Stats. 2007, Ch. 373, Sec. 12. Effective October 10, 2007.