2011 California Code
Government Code
TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000 - 22980]
CHAPTER 7. Prohibited Business Arrangements
Section 16649.80

The definitions in this section shall govern the construction and interpretation of this chapter.

(a) Investment or invest means the commitment of funds or other assets to a business firm, including a loan or other extension of credit made to that firm, or security given for the other assets to that business enterprise, or the beneficial ownership or control of a share or interest in that business firm, or of a bond or other debt instrument issued by that business firm.

(b) Business firm means any foreign or domestic organization, association, corporation, partnership, venture, or other entity, its subsidiary, or affiliate which exists for profitmaking purposes or to otherwise secure economic advantage, other than a financial institution.

(c) Financial institution means any foreign or domestic bank, bank holding company, savings and loan association, or credit union, or any foreign or domestic insurance company, brokerage firm, securities firm, investment company, mortgage banking company, finance company, personal property broker, mortgage loan broker, or consumer credit company, or any affiliate or subsidiary thereof.

(d) Business arrangements means projects, ventures, undertakings, contractual relations, or other efforts requiring ongoing or periodic performance by either or both parties.

(e) Discriminatory business practices means business arrangements that are prohibited by Sections 16721 and 16721.5 of the Business and Professions Code.

(f) State trust moneys means funds administered by the Public Employees Retirement Fund, the Legislators Retirement Fund, the State Teachers Retirement Fund, the Judges Retirement Fund, the Judges Retirement System II Fund, the Volunteer Firefighter Fund, the General Fund portion of the University of California Retirement Fund, and any funds invested pursuant to this part.

(g) State trust fund means the Public Employees Retirement Fund, the Legislators Retirement Fund, the State Teachers Retirement Fund, the Judges Retirement Fund, the Judges Retirement System II Fund, the Volunteer Firefighter Fund, and any investment fund created by this part.

(h) State moneys means all money, bonds, and securities in possession of or collected by any state agency.

(i) Compliance with the Arab League s economic boycott of Israel means taking any action, with respect to the boycott of Israel by Arab countries, which is prohibited by the United States Export Administration Act of 1979.

(Amended by Stats. 1994, Ch. 879, Sec. 2. Effective September 27, 1994. Operative November 9, 1994, by Sec. 16 of Ch. 879.)