Gov. Code, § 63089.4 · Article 4. Administrative Structure
Gov. Code, § 63089.4
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The bank is authorized to:
(a) Approve new corporations recommended by the program manager.
(b) Enter into contracts with corporations for program management and other financial product-related services.
(c) Select a financial institution or financial company to act as trustee of the trust fund as specified in this chapter.
(d) Invest expansion fund and trust fund moneys as specified in this chapter.
(e) Affirm, modify, or rescind the determinations of the program manager and the executive director as specified in this chapter.
(f) Adopt directives and requirements as specified in this chapter.
(g) Authorize new financial product programs and activities pursuant to this chapter.
Notes and commentary — not statutory text
History
Added by Stats. 2013, Ch. 537, Sec. 4. (AB 1247) Effective October 4, 2013.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=63089.4.
- Text hash
- sha256 227eb0a30a470bab04c7a7e9a0a51f81353e792efd954344e5f0599bfa6436b1
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.