California § 20195. 20195. (Amended by Stats. 2009, Ch. 130, Sec. 14.)

California Statutes

§ 20195. — 20195. (Amended by Stats. 2009, Ch. 130, Sec. 14.)

California·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

(a)The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, an office building, including appropriate satellite structures, in the County of Sacramento, California, for its use and for the use of other state retirement systems excepting the State Teachers’ Retirement System, other departments, boards, and agencies of the state, or appropriate private commercial entities as space may be available from time to time. The office building and satellite structures shall conform to the Capital Master Plan if located within an area subject to the plan.

(b)The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real pr

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(a)
The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, an office building, including appropriate satellite structures, in the County of Sacramento, California, for its use and for the use of other state retirement systems excepting the State Teachers’ Retirement System, other departments, boards, and agencies of the state, or appropriate private commercial entities as space may be available from time to time. The office building and satellite structures shall conform to the Capital Master Plan if located within an area subject to the plan.
(b)
The board may select, purchase, or acquire in the
name of the system, the fee or any lesser interest in real property, improved or unimproved, and may construct or remodel, and equip, business recovery centers in California for use by the system as an alternate facility, emergency operations center, or data center that the board determines is appropriate for disaster preparedness.
(c)
If the board acquires bare land, improvements shall be constructed according to plans approved by the State Public Works Board and Department of General Services.
(d)
If the board acquires land with improvements thereon, the improvements shall be remodeled or completed in accordance with plans approved by the State Public Works Board and Department of General Services.
(e)
If condemnation of the property selected is necessary, the board may elect to deposit the funds deemed necessary
with the Treasurer. The funds are appropriated for purchase of the selected property subject to the Property Acquisition Law.
(f)
Work on all projects shall be done under contract awarded to the lowest responsible bidder pursuant to bidding procedures set forth in Part 2 (commencing with Section 10100) of Division 2 of the Public Contract Code.

California § 20195. (20195. (Amended by Stats. 2009, Ch. 130, Sec. 14.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2009, Ch. 130, Sec. 14. (AB 966) Effective January 1, 2010.

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