California Legal Codes and Statutes

§ 63022.5

Amended by Stats. 1995, Ch. 863, Sec. 11. Effective January 1, 1996.
(a)The officers of the bank shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)), the applicable rules and standards of the Municipal Securities Rulemaking Board, and all other applicable provisions of law.
(b)The bank may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach fiduciary obligation by the fiduciary.

Cite this section

Cal. Gov. Code § 63022.5 (2026)
https://ca.codecond.com/codes/gov/title-6-7-infrastructure-finance/division-1-the-bergeson-peace-infrastructure-and-economic-development-bank-act/chapter-2-california-infrastructure-and-economic-development-bank/article-1-creation-of-the-bank/section-63022.5

Other sections in Article 1 - Creation of the Bank

§ 63021§ 63021.5§ 63022§ 63022.5§ 63023§ 63023.1§ 63024§ 63024.5§ 63025§ 63025.1§ 63025.2§ 63026§ 63027§ 63028

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.