California § 7514. 7514. (Amended by Stats. 1994, Ch. 46, Sec. 1.)

California Statutes

§ 7514. — 7514. (Amended by Stats. 1994, Ch. 46, Sec. 1.)

California § 7514.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.7.

Title 1.DIVISION 7. MISCELLANEOUS

Ch. 21.CHAPTER 21. Public Pension and Retirement Plans

Art. 1.ARTICLE 1. General Provisions

This text of California § 7514. (7514. (Amended by Stats. 1994, Ch. 46, Sec. 1.)) 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 § 7514. (2026).

Text

(a)Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local public retirement system may invest, subject to and consistent with the standard for prudent investment set forth in Section 17 of Article XVI of the California Constitution, its assets in the bonds or other evidences of indebtedness unconditionally guaranteed by any foreign government that has met the payments of similar bonds or other evidences of indebtedness when due.

(b)A portion of the assets invested pursuant to this section may be used to purchase rated or unrated bonds, notes, or other instruments unconditionally guaranteed by Canada, Israel, Mexico, or South Africa.

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

(a)
Notwithstanding any other provision of law except Chapter 7 (commencing with Section 16649.80) of Part 2 of Division 4 of Title 2, any state or local public retirement system may invest, subject to and consistent with the standard for prudent investment set forth in Section 17 of Article XVI of the California Constitution, its assets in the bonds or other evidences of indebtedness unconditionally guaranteed by any foreign government that has met the payments of similar bonds or other evidences of indebtedness when due.
(b)
A portion of the assets invested pursuant to this section may be used to purchase rated or unrated bonds, notes, or other instruments unconditionally guaranteed by Canada, Israel, Mexico, or South Africa.