Cal. Government Code § 5920

California · California Government Code · Status: effective

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Citation: Cal. Government Code § 5920, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/831973
Permanent ID: ys:prov:831973@1
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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.