Cal. Gov. Code § 16670
Current through the 2023 Legislative Session.
Upon the recommendation of the Treasurer, the Governor may designate well-known and responsible banking firms or associations, or incorporated banking institutions having a paid-up capital and surplus of not less than one million dollars ($1,000,000) as the state fiscal agents for the payment of bonds and coupons issued by the State.
Ca. Gov. Code § 16670