{"code":"EDC","codeName":"Education Code","section":"22260","citation":"Ed. Code, § 22260","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1"},{"name":"DIVISION 1. GENERAL EDUCATION CODE PROVISIONS [1. - 32527.]","url":"https://blackletter.si/education-code/title-1/division-1"},{"name":"PART 13. STATE TEACHERS' RETIREMENT SYSTEM [22000. - 25115.]","url":"https://blackletter.si/education-code/title-1/division-1/part-13"},{"name":"CHAPTER 4. Fiduciary Duties [22250. - 22261.]","url":"https://blackletter.si/education-code/title-1/division-1/part-13/chapter-4"}],"history":"Added by Stats. 1998, Ch. 1076, Sec. 4.   Effective January 1, 1999.","effective":"1999-01-01","html":"<p>Notwithstanding any other provision of law, the system may provide credit enhancement for bonds, notes, certificates of participation, or other evidences of indebtedness of an employer, provided that any credit enhancement transaction satisfies the requirement of Section <a href=\"/edc/22250\">22250</a> and does not constitute a prohibited transaction for purposes of Section 503 of the United States Internal Revenue Code.</p>","text":"Notwithstanding any other provision of law, the system may provide credit enhancement for bonds, notes, certificates of participation, or other evidences of indebtedness of an employer, provided that any credit enhancement transaction satisfies the requirement of Section 22250 and does not constitute a prohibited transaction for purposes of Section 503 of the United States Internal Revenue Code.","otherVersions":[],"url":"https://blackletter.si/education-code/fiduciary-duties-22260","source":"California Legislative Information bulk export (pubinfo)"}