DIVISION 3.5. COSTS IN CIVIL ACTIONS RESULTING FROM ADMINISTRATIVE PROCEEDINGS 800›PART 9. LAKE DAVIS NORTHERN PIKE ERADICATION PROJECT RELIEF ACCOUNT 998-998.3›CHAPTER 12. Public Finance Contracts 5920-5925
§ 5920
California Government Code · 2026-09 edition · updated 2026-09-27 · California
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.
(Added by Stats. 1987, Ch. 846, Sec. 1.)
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