The Commissioner of Financial Institutions may investigate and ascertain the status or sufficiency as investments for savings banks in this state of any such bonds. If upon investigation it is determined in his or her opinion that such bonds constitute a proper investment for savings banks, he or she shall so certify. The Commissioner of Financial Institutions may revoke any such certificate issued by him or her at any time in his or her discretion.
Cal. Sts. & High. Code § 31172
Bonds
Known as the El Dorado County Toll Tunnel Authority Act
The act spans §§ 31100 to 31246 (92 sections).
Amended by Stats. 1996, Ch. 1064, Sec. 811
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.