TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 5. PERSONNEL 18000-22980›PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM 20000-21703›CHAPTER 2. Administration of System 20090-20260›ARTICLE 6. Investments 20190-20210
§ 20190
California Government Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
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