{"code":"GOV","codeName":"Government Code","section":"20190","citation":"Gov. Code, § 20190","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]","url":"https://blackletter.si/government-code/title-2"},{"name":"DIVISION 5. PERSONNEL [18000. - 22980.]","url":"https://blackletter.si/government-code/title-2/division-5"},{"name":"PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM [20000. - 21716.]","url":"https://blackletter.si/government-code/title-2/division-5/part-3"},{"name":"CHAPTER 2. Administration of System [20090. - 20260.]","url":"https://blackletter.si/government-code/title-2/division-5/part-3/chapter-2"},{"name":"ARTICLE 6. Investments [20190. - 20210.]","url":"https://blackletter.si/government-code/title-2/division-5/part-3/chapter-2/article-6"}],"history":"Added by Stats. 1995, Ch. 379, Sec. 2.   Effective January 1, 1996.","effective":"1996-01-01","html":"<p>The board has exclusive control of the investment of the retirement fund. Except as otherwise restricted by the California Constitution and by law, the board may, in its discretion, invest the assets of the fund through the purchase, holding, or sale thereof of any investment, financial instrument, or financial transaction when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board.</p>","text":"The board has exclusive control of the investment of the retirement fund. Except as otherwise restricted by the California Constitution and by law, the board may, in its discretion, invest the assets of the fund through the purchase, holding, or sale thereof of any investment, financial instrument, or financial transaction when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board.","otherVersions":[],"url":"https://blackletter.si/government-code/investments-20190","source":"California Legislative Information bulk export (pubinfo)"}