California § 45308.4. 45308.4. (Added by Stats. 1967, Ch. 1359.)

California Statutes

§ 45308.4. — 45308.4. (Added by Stats. 1967, Ch. 1359.)

California § 45308.4.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.5.

Title 4.DIVISION 5. EMPLOYEES

Ch. 2.CHAPTER 2. Retirement

Art. 1.ARTICLE 1. General

This text of California § 45308.4. (45308.4. (Added by Stats. 1967, Ch. 1359.)) 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 § 45308.4. (2026).

Text

Notwithstanding Section 45308.1, funds received by city retirement systems and not required for current disbursements may be invested in any of the following:

(a)First liens on real property if the loan is fully guaranteed or insured or covered by a commitment to guarantee or insure by the Federal Housing Commissioner.

(b)First liens on real property if the loan is fully guaranteed by the United States or any agency thereof pursuant to the “Servicemen’s Readjustment Act of 1944” or any act of Congress supplementary or amendatory thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

Notwithstanding Section 45308.1, funds received by city retirement systems and not required for current disbursements may be invested in any of the following:
(a)
First liens on real property if the loan is fully guaranteed or insured or covered by a commitment to guarantee or insure by the Federal Housing Commissioner.
(b)
First liens on real property if the loan is fully guaranteed by the United States or any agency thereof pursuant to the “Servicemen’s Readjustment Act of 1944” or any act of Congress supplementary or amendatory thereof.