Cal. Gov. Code § 16503

Current through the 2024 Legislative Session.

Section 16503 - Determination of amount deposited as time deposits and demand deposits

Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited:

(a) As time deposits, and the rates of interest to be received.

(b) As demand deposits, and the rates of interest to be received, if any.

Ca. Gov. Code § 16503

Amended by Stats. 1983, Ch. 142, Sec. 48.