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HomeEducation CodeCh. 1Art. 4§ 12033 Federal Funds Custody

§ 12033 Federal Funds Custody

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 12033 Federal Funds Custody

This law says the State Treasurer must hold and keep safe any money the state gets from the U.S. government or its agencies.

Key Takeaways

  • •All federal money to the state goes to the State Treasurer.
  • •The Treasurer is the official keeper of those funds.
  • •He is allowed to receive and hold the money.

Example

The federal government sends $5 million to the state for building new schools.

The money has to go to the State Treasurer, who will keep it safe and make sure it’s used for the school project.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 12033 Federal Funds Custody

The State Treasurer is designated as the custodian of all funds received by the state from the government of the United States, or of any agency or agencies thereof, under these federal acts and he is authorized to receive and provide for the custody of all moneys so received. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 10, 2026

Key Terms

State Treasurercustodianfundsfederal acts

Related Statutes

  • § 12034 Federal Education Funds Distribution
  • § 12301 State Federal Funds Custody
  • § 100125 State Infrastructure Bond Authorization
  • § 100130 School Building Finance Committee
  • § 100135 Bond Issuance And Administration

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 12033.
View Official Source