Government Code section 16670

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.

Source: Section 16670, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=16670.­ (updated Jan. 1, 1957; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 16670's source at ca​.gov