Cal. Gov. Code § 20190

Current through the 2023 Legislative Session.
Section 20190 - Exclusive control of investments

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.

Ca. Gov. Code § 20190

Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.