California § 21268 - The Controller may make an agreement with one or more financial institutions part
Full text of California Public Contract Code - PCC § 21268 — The Controller may make an agreement with one or more financial institutions part, with citation guidance and answers to common questions.
§ 21268. The Controller may make an agreement with one or more financial institutions part
The Controller may make an agreement with one or more financial institutions participating in the Automated Clearing House pursuant to the local rules, and may establish a program, for the direct deposit by electronic fund transfer of the benefits, after any withholding required by law and authorized deductions, of any person entitled to the receipt of benefits from any state retirement system who authorizes the direct deposit thereof by electronic fund transfer into the personâs account at the financial institution of his or her choice. If the Controller does not make an agreement establishing a program for direct deposit by electronic fund transfer of the retirement benefits, the administrative body of any state retirement system may make such an agreement.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 21268
What does Public Contract Code - PCC § 21268 cover?
Section 21268 ("The Controller may make an agreement with one or more financial institutions part") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 21268?
A common citation format is "Public Contract Code - PCC § 21268" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 21268 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.