Gov. Code, § 63089.52 · Article 5. Expansion Fund and Trust Fund
Gov. Code, § 63089.52
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The program manager, at his or her discretion, with the approval of the executive director, may request the trustee to invest those moneys in the trust fund in any of the securities described in Section 16430. Returns from these investments shall be deposited in the expansion fund and shall be used to support the programs of this chapter.
(b) Any investments made in securities described in Section 16430 shall be governed by the investment policy approved by the bank board.
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=63089.52.
- Text hash
- sha256 11dda257b96b37ff91d6053084fd19242035eece5767a8941439f3eb0e2c83a9
- 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
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