1. (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.
2. (b) “Holiday” means any of the holidays provided for in Government Code Sections 6700 and 6701.

In this Subchapter:

Note: Authority cited: Section 53661, Government Code. Reference: Section 53661, Government Code.

History

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).