Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 2 - GOVERNMENT OF THE STATE OF CALIFORNIADivision 4 - FISCAL AFFAIRSPart 2 - STATE FUNDSChapter 4 - BANK DEPOSITS
Article 4 - CONTRACTS
Section 16561 - Conditions to obtain as high rate of interest as possible

Cal. Gov. Code § 16561

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Current through the 2023 Legislative Session.
Section 16561 - Conditions to obtain as high rate of interest as possible

In order to obtain as high rates of interest as possible, the contracts may contain any conditions necessary to conform with Section 19 of the Federal Reserve Act, as amended, and with regulations established pursuant thereto by the Board of Governors of the Federal Reserve System, and demand deposits shall be subject to withdrawal at any time upon demand of the Treasurer.

Ca. Gov. Code § 16561

Amended by Stats. 1977, Ch. 622.