Moneys placed with the Treasurer for deposit in the Local Agency Investment Fund by cities, counties, special districts, nonprofit corporations, or qualified quasi-governmental agencies shall not be subject to either of the following:
(a)
Transfer or loan pursuant to Sections 16310, 16312, or 16313.(b)
Impoundment or seizure by any state official or state agency.
Source:
Section 16429.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16429.3..