California Government Code 8286.5 – A local governmental entity may give the committee full information …
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A local governmental entity may give the committee full information and reasonable assistance in any matters of research requiring recourse to them, or data within their knowledge or control.
(Added by Stats. 2022, Ch. 48, Sec. 13. (SB 189) Effective June 30, 2022.)
Terms Used In California Government Code 8286.5
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC