Section 16602 Of Article 1. General From California Government Code >> Division 4. >> Title 2. >> Part 2. >> Chapter 4.5. >> Article 1.

. Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited as deposits in savings and loan associations, and credit unions, and the rates of interest to be received.