This chapter is adopted to implement, interpret or make specific Section 53651(m) of the Government Code to establish procedures for determining the value of promissory notes secured by first trust deeds, pledged to secure local agency deposits.

Note: Authority cited: Section 53651(m), Government Code. Reference: Article 2, Chapter 4, Part 1, Division 2, Title 5, Government Code.

History

1. New Subchapter 3 (Articles 1-2, Sections 1899-1899.2) filed 7-15-80; effective thirtieth day thereafter (Register 80, No. 29).