California Code of Regulations
Title 2 - Administration
Division 4.5 - Local Agency Deposit Security
Chapter 2 - Administrator of Local Agency Security
Subchapter 9 - Default of Depository
Article 1 - General Provisions
Section 16009.1.1 - Definitions
Universal Citation: 2 CA Code of Regs 16009.1.1
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
In this Subchapter:
(a) "Default of depository" means a failure by a depository to pay all or part of a secured local agency deposit in accordance with the deposit contract and on demand of the treasurer or other authorized official of such local agency.
(b) "Holiday" means any of the holidays provided for in Government Code Sections 6700 and 6701.
1. Amendment of subsection (b), repealer of subsection (c) and new NOTE filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).
Note: Authority cited: Section 53661, Government Code. Reference: Section 53661, Government Code.
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