California Legal Codes and Statutes

§ 12420.1

Amended by Stats. 2021, Ch. 50, Sec. 75. (AB 378) Effective January 1, 2022.

The Controller shall establish special accounts for any state officer or employee requesting salary or wage deductions in order that sufficient funds may be accumulated to the state officer or employee’s credit for the purchase of United States savings bonds or similar United States obligations. Funds so accumulated are trust funds and may be withdrawn from the Treasury upon claims filed by the Controller for the purchase of those obligations, or for refunds.

Cite this section

Cal. Gov. Code § 12420.1 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-3-executive-department/part-2-constitutional-officers/chapter-5-controller/article-2-duties/section-12420.1

Other sections in Article 2 - Duties

§ 12410§ 12410.5§ 12410.6§ 12411§ 12412§ 12412.1§ 12413§ 12415§ 12416§ 12417…§ 12421§ 12422§ 12422.5§ 12423§ 12424§ 12425§ 12427§ 12428§ 12429§ 12431

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.