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
§ 20208
California Government Code · 2018-11 edition · updated 2026-10-04 · California
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.
(Repealed and added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code