California Statutes
§ 42850. — 42850. (Amended by Stats. 2002, Ch. 1168, Sec. 28.)
California § 42850.
JurisdictionCalifornia
Code EDCEducation Code - EDC
Div.3.
Title 2.DIVISION 3. LOCAL ADMINISTRATION
Part 24.PART 24. SCHOOL FINANCE
Ch. 10.CHAPTER 10. Revolving Funds, School Districts
Art. 6.ARTICLE 6. Retiree Benefit Funds
This text of California § 42850. (42850. (Amended by Stats. 2002, Ch. 1168, Sec. 28.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Education Code - EDC Code § 42850. (2026).
Text
The governing board of any school district may establish a fund for pension and other employee benefits to accumulate restricted moneys from salary reduction agreements, other contributions for employee retirement benefit payments, or both. Moneys may be transferred to the fund from other funds by periodic expense charges, in amounts based on existing and future obligation requirements. Payments from the pension plan and other employee benefits fund for insurance, annuities, administrative costs, or any other authorized purpose shall be made in accordance with all warrant approval requirements applicable under this code.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Stats. 2002, Ch. 1168, Sec. 28. Effective September 30, 2002.
Cite This Page — Counsel Stack
Bluebook (online)
California § 42850., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/42850..