California Government Code 11005.1 – The Director of Finance may accept on behalf of the State any gift of …
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The Director of Finance may accept on behalf of the State any gift of real or personal property whenever he deems such gift and the terms and conditions thereof to be in the best interest of the State.
(Added by Stats. 1949, Ch. 1023.)
Terms Used In California Government Code 11005.1
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Personal property: All property that is not real property.
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18