Cal. GOV § 5920
This is the official text of Cal. GOV § 5920, part of California’s Government Code — covers the structure and operation of state and local government, including public employment and public records.
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Official statutory text
The Legislature finds and declares that the incurring or carrying of obligations and making and managing of investments by state and local governments involves a variety of interest rates, payment, and other risks, that a number of financial instruments are available to offset, hedge, or reduce, and improve net costs, and that many state agencies and local governments lack express statutory authority to take advantage of those instruments.
Status: in_force · Read it on the official government site
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