CHAPTER 6. Investments [22350. - 22364.]
Chapter 6 added by Stats. 1993, Ch. 893, Sec. 2.
§§ 22350–22364 · 14 sections
- § 22350 The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable that…
- § 22351 It is the intent of the Legislature that the board secure investment advisors with the composite expertise necessary for the investment of the retirement fund…
- § 22352 Upon a finding by the board that necessary investment expertise is not available within existing civil service classifications, and with the approval of the…
- § 22353 (a) Notwithstanding any other provision of law, the board shall by contract retain not less than two separate individual investment advisers. (b)…
- § 22354 (a) The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill full-time positions for, investment managers who…
- § 22355 In no event shall the board employ through interagency agreement any investment personnel who would also serve during the term of the agreement as investment…
- § 22356 The board may apply to reduce the book value of securities purchased, all or part of the excess of the proceeds of the sale or redemption prior to maturity of…
- § 22359 Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as custodian for safekeeping, delivery, securities valuation,…
- § 22360 (a) Notwithstanding any other provision of law, the board may pursuant to Section 22203 and in conformance with its fiduciary duty set forth in Section 22250,…
- § 22360.5 (a) The board may include in any investment program established pursuant to Section 22360 a procedure whereby a member may obtain 100 percent financing for the…
- § 22361 (a) The board may, subject to and consistent with its fiduciary duty, establish a program utilizing the retirement fund to assist currently employed members…
- § 22362 (a) Notwithstanding any other provision of law, the board shall give first priority to investing not less than 25 percent of all funds of the plan that become…
- § 22363 No matter involving any vendor or contractor, in their individual or any other capacity, shall be considered during a closed session on any transaction…
- § 22364 (a) During the process leading to an award of any contract by the system, no member of the board or its staff shall knowingly communicate concerning any matter…