STATE TREASURER TRUSTEE OF CERTAIN STATE MONEYS

Senate Constitutional Amendment 15. Adds section 29 to Article IV, Constitution. Legislature may require State money controlled by State agencies or departments or collected under State authority be held in trust by State Treasurer before deposit in State Treasury by such agency or department as required by law. Excepts moneys controlled or collected by Regents of University of California. Money held in trust may be disbursed by Treasurer on order of agency or department or deposited in banks to same extent as money in State Treasury