California Statutes
§ 42850. — 42850. (Amended by Stats. 2002, Ch. 1168, Sec. 28.)
California·Code EDC Education 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
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.
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California § 42850. (42850. (Amended by Stats. 2002, Ch. 1168, Sec. 28.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2002, Ch. 1168, Sec. 28. Effective September 30, 2002.