Cal. Food & Agr. Code § 79455

Current through the 2023 Legislative Session.
Section 79455 - Deposit and disbursement of funds; fidelity bond

All funds received by any person from the assessments levied under 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 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 an amount of not less than twenty-five thousand dollars ($25,000).

Ca. Food and Agric. Code § 79455

Added by Stats 2010 ch 605 (AB 2695),s 1, eff. 1/1/2011.