State government: state funds.

Under existing law, all moneys in the possession of or collected by any state agency or department is state moneys and is subject to provisions governing its deposit and handling in trust accounts. Existing law creates the State Treasury System to deposit state moneys held by state agencies prior to expenditure. This bill would require each state agency, department, and entity to provide the Treasurer with its employer identification number. The bill would authorize the Treasurer to use those numbers to monitor state money deposited outside the centralized State Treasury System. The bill would also require a bank or financial institution to provide, upon request from the Treasurer, specified account information relating to these employer identification numbers to assist the Treasurer in monitoring accounts and state money deposited outside the centralized State Treasury System.