According to policies and regulations which the board shall adopt, the finance officer shall use his or her best efforts to sell the guaranteed portion of the securities held in the trust fund to private investors or the state.
Cal. Fin. Code § 32422
Government Guaranteed Securities Trust Fund
Known as the State Assistance Fund for Enterprise Act
The act spans §§ 32000 to 32823 (65 sections).
Added by Stats. 1980, Ch. 819, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.