Cal. Ed. Code § 22261

Current through the 2024 Legislative Session.

Section 22261 - Investments related to surplus property owned by employer

Notwithstanding any other provision of law, the board may make investments related to the planning, development, or acquisition of surplus real property owned by an employer, if the investment satisfies the requirements of Section 22250 and does not constitute a prohibited transaction for purposes of Section 503 of the Internal Revenue Code.

Ca. Educ. Code § 22261

Added by Stats 2002 ch 903 (SB 1983),s 1, eff. 1/1/2003.