§ 7605 State Agency Security Loans

Government Code·California

AI SummaryVerified

Key Takeaways

•State agencies must keep detailed records of all security loans.
•They must have controls and reports to watch over these loans.
•They must show the results of these loans separately from other investments.

Example

A state agency lends money to a company using stocks as security.

The agency must keep records of this loan, check on it regularly, and report how much money was made or lost from this loan alone, not mixed with other investments.

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

Official Source

View on CA.gov

§ 7605 State Agency Security Loans

Each state agency which enters into security loan agreements shall (a) maintain detailed records of all security loans, (b) develop controls and reports to monitor the conduct of the transactions, and (c) publicize the net results of the security loan transaction separate from the results of other investment activities. (Added by Stats. 1975, Ch. 1214.)

Last verified: January 22, 2026

Key Terms

net port agreement securities stock security transaction investment

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 7605.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References