Soft dollar and directed brokerage arrangements are not subject to any statutory competitive bidding requirements.
This section does not constitute a change in, but is declaratory of, existing law.
Cal. Gov. Code § 6933
Governmental Investors
Added by Stats. 1990, Ch. 709, 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.