California Statutes
§ 20208. — 20208. (Repealed and added by Stats. 1995, Ch. 379, Sec. 2.)
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
Upon a finding by the board that necessary investment expertise is not available within existing civil service classifications, and with the approval of the State Personnel Board, the board may contract with qualified investment personnel having demonstrated expertise in the management of large and diverse investment portfolios to render service in connection with the investment program of the board.
The board shall report to the Governor, the Legislature, and the Joint Legislative Budget Committee on the nature, duration, and cost of investment contract services used. The report shall be submitted annually in April.
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California § 20208. (20208. (Repealed and added by Stats. 1995, Ch. 379, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.