Government Code section 12305

The Treasurer may contract for and secure insurance against the loss of securities and money in the Treasurer’s custody from any insurable risk whatsoever.

The amount of insurance obtained shall not exceed the daily average amount of cash and securities respectively, in the custody of the Treasurer in the preceding year.

Source: Section 12305, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=12305. (updated Jan. 1, 2022; accessed Jun. 30, 2025).

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Jun. 30, 2025

§ 12305's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_12305

Original Source: Section 12305, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=12305. (last accessed May 12, 2025).