Section 12331 Of Article 2. Duties From California Government Code >> Division 3. >> Title 2. >> Part 2. >> Chapter 4. >> Article 2.
12331
. Notwithstanding any general or specific law to the contrary,
whenever any law or whenever any state agency or officer requires
that a pledge of money be made to secure the performance of an act or
duty, the pledges shall first be approved by the governing or
administrating state agency or officer and, upon the written order of
the state agency or officer, shall be deposited with the Treasurer
in accordance with Sections 16305 to 16305.7, inclusive.
All money deposited with the Treasurer pursuant to this section
shall be held by the Treasurer subject to law and the written order
or instructions of the state agency or official making or authorizing
the deposit and the state shall be responsible for the safe return
thereof.