Section 58939 Of Article 10. Assessments And Funds From California Food And Agricultural Code >> Division 21. >> Part 2. >> Chapter 1. >> Article 10.
58939
. Any money which is deposited pursuant to this article, which
the director determines is available for investment, may be invested
or reinvested by the Treasurer or an advisory board in any of the
securities which are described in Article 1 (commencing with Section
16430) of Chapter 3 of Part 2 of Division 4 of Title 2 of the
Government Code, or placed in a depository as provided in Chapter 4
(commencing with Section 16500) of Part 2 of Division 4 of Title 2 of
the Government Code, and handled in the same manner as money in the
State Treasury.
Any increment which is received from the investment or
reinvestment or deposit, if made by the Treasurer, shall be remitted
to the advisory board whose funds were invested, reinvested, or
deposited, and shall be deposited and disbursed as provided in
Sections 58937 and 58938. The Treasurer may deduct from the
remittance an amount equal to the reasonable costs incurred in
carrying out this section or may bill the advisory board for the
costs, and the advisory board shall pay the costs from money which is
collected for it pursuant to this chapter.