Local Agency Investment Fund
Applied in 1 court decision — leading case 193 Cal. App. 4th 1449 - California Medical Ass'n v. Brown (2011)
Most recently applied in 193 Cal. App. 4th 1449 - California Medical Ass'n v. Brown (March 2011)
Amended by Stats. 1996, Ch. 833, Sec. 8
Moneys placed with the Treasurer for deposit in the Local Agency Investment Fund by cities, counties, special districts, nonprofit corporations, or qualified quasi-governmental agencies shall not be subject to either of the following:
(a) Transfer or loan pursuant to Sections 16310, 16312, or 16313.
(b) Impoundment or seizure by any state official or state agency.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.