§ 16673 Treasurer'S Bond Redemption Authority

Government Code·California

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Key Takeaways

•The Treasurer can make deals with banks or other helpers to manage money for the state.
•These deals need the Governor's okay first.
•The Treasurer can decide how much to pay these helpers and when to give them money.

Example

The state needs to pay back money it borrowed, like when you pay back a loan.

The Treasurer can work with a bank to handle the payments, but only if the Governor says it's okay. They can also decide how much to pay the bank for its help.

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

Official Source

View on CA.gov

§ 16673 Treasurer'S Bond Redemption Authority

Subject to the approval of the Governor, the Treasurer may do all things necessary or proper to effectuate the purposes of this chapter, including, among others, the making of such arrangements with any fiscal agent as may be necessary including the compensation, if any, of any fiscal agent for services under this chapter, and the time when funds for the redemption of bonds and coupons shall be remitted to it. (Amended by Stats. 1957, Ch. 2070.)

Last verified: January 22, 2026

Key Terms

Treasurer Governor fiscal agent redemption of bonds and coupons

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 16673.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References