CHAPTER 4. The Fund

Chapter 4 added by Stats. 1999, Ch. 307, Sec. 4.

§§ 22970.40–22970.44 · 5 sections

• § 22970.40 The Supplemental Contributions Program Fund is hereby established as a special trust fund in the State Treasury to accept participant contributions to the plan.
• § 22970.41 The board shall have control of the investment of the assets of the fund.
• § 22970.42 Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery,…
• § 22970.43 Notwithstanding Section 13340, all moneys in the fund are continuously appropriated, without regard to fiscal years or plan years, to the board to carry out…
• § 22970.44 The assets of the fund shall be valued annually, and may be valued more frequently as prescribed by the board.