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Section 17311.5 Of Article 3. Director Of Child Support Services From California Family Law Code >> Division 17. >> Chapter 1. >> Article 3.
17311.5
. (a) The department may enter into a trust agreement with a
trustee or fiscal intermediary to receive or disburse child support
collections. The trust agreement may contain provisions the
department deems reasonable and proper for the security of the child
support payments. Any trust accounts created by the trust agreements
may be held outside the State Treasury.
(b) For the 2012-13 fiscal year only, trust account moneys may be invested in any of the types of securities listed in Section 16430 of the Government Code or alternatives offering comparable security, including, but not limited to, mutual funds and money market funds. This subdivision does not authorize investments or transfers that would interfere with carrying out the objective for which the Child Support Payment Trust Fund was created.
(b) For the 2012-13 fiscal year only, trust account moneys may be invested in any of the types of securities listed in Section 16430 of the Government Code or alternatives offering comparable security, including, but not limited to, mutual funds and money market funds. This subdivision does not authorize investments or transfers that would interfere with carrying out the objective for which the Child Support Payment Trust Fund was created.
