ARTICLE 6. Investments
Article 6 added by Stats. 1995, Ch. 379, Sec. 2.
§§ 20190–20210 · 20 sections
- § 20190 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…
- § 20191 The board may itself make any investment authorized by law or sell any security, obligation, or real property in which moneys in the retirement fund are…
- § 20191.5 (a) All investment transaction decisions made during a closed session pursuant to paragraph (16) of subdivision (c) of Section 11126 shall be by rollcall vote…
- § 20192 In addition to the other investments authorized by this article, the board may invest in real estate and leases thereof and improvements thereon for business…
- § 20193 The board may invest the money in the retirement fund in real property or improvements thereon or to be constructed thereon when the real property or…
- § 20194.5 In addition to the other investments authorized by this article, the board may invest in Property Assessed Clean Energy (PACE) bonds, as defined in Section…
- § 20195 (a) The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may…
- § 20196 The board may contract with the Department of General Services or any other state department for assistance and supervision in the acquisition of real property…
- § 20197 All buildings and improvements constructed by the board under this article may contain space in excess of the immediate requirements of the board that, until…
- § 20198 Any building or improvement constructed by the board under this article shall be subject to the supervision of the board in accordance with rules and…
- § 20199 The board shall establish a building account for the transfer of money that is continuously appropriated for that purpose from the retirement fund for the cost…
- § 20200 (a) Notwithstanding any other provision of law, the board may establish a program utilizing the retirement fund to assist system members, through financing, to…
- § 20201 (a) It is the intent of the Legislature that the provisions of this section be available to assist members in obtaining homes throughout the United States. The…
- § 20202 The board may, subject to and consistent with its fiduciary duty, establish a program utilizing the retirement fund to assist currently employed members and…
- § 20203 Notwithstanding any other law, the board may enter into security loan agreements with respect to securities in which the board is authorized by law to invest…
- § 20206 The board shall employ investment counsel on its staff or on a consulting basis or trust companies or trust departments of bands to render service in…
- § 20207 (a) The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable…
- § 20208 Upon a finding by the board that necessary investment expertise is not available within existing civil service classifications, and with the approval of the…
- § 20209 The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill a full-time position for, a person who is…
- § 20210 Notwithstanding any other provision of law, the board shall, by contract, retain not less than two separate individual investment advisers. There is hereby…