STATE MONEY

Senate Constitutional Amendment 31. Adds Section 29 to Article IV of Constitution. Authorizes Legislature to provide that State money in control of any State agency or department or collected by State authority, except money in control of or collected by Regents of University of California, shall be held in trust by State Treasurer prior to deposit in State Treasury by State agency or department. Permits State Treasurer to distribute such trust money upon order of State agency or department as permitted by law, and deposit same in banks to same extent as money in State Treasury