Article 5. Investments In Or Expenditures For Property of California Unemployment Insurance Code >> Division 1. >> Part 1. >> Chapter 6. >> Article 5.

When money other than Disability Fund money is used in the purchase of property and in the construction of buildings, and appurtenant facilities, or in the purchase of property, or in the construction of buildings, and appurtenant facilities, for the use of the department, or for the use of the department and other state agencies, the director may do any and all things necessary to protect the property including purchasing insurance against the loss of or damage to the property or the loss of use and occupancy of the property. Any transaction entered into by the director under this section shall be subject to the approval of the Department of General Services.

The department shall comply with all federal regulations with regard to the sale of property in which the federal government has an equity.