Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 5./Title 2.: DIVISION 5. PERSONNEL/Part 3.: PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM/Ch. 2.: CHAPTER 2. Administration of System/Art. 6.: ARTICLE 6. Investments/§ 20190.
California Statutes

§ 20190. — 20190. (Added by Stats. 1995, Ch. 379, Sec. 2.)

California § 20190.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.5.
Title 2.DIVISION 5. PERSONNEL
Part 3.PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM
Ch. 2.CHAPTER 2. Administration of System
Art. 6.ARTICLE 6. Investments

This text of California § 20190. (20190. (Added by Stats. 1995, Ch. 379, Sec. 2.)) 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. Government Code - GOV Code § 20190. (2026).

Text

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.

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Legislative History

Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.
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California § 20190., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/20190..