California Education Code CHAPTER 6 - Investments

• Section 22350.
  The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable that the system obtain...
• Section 22351.
  It is the intent of the Legislature that the board secure investment advisors with the composite expertise necessary for the investment of the retirement fund...
• Section 22352.
  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...
• Section 22353.
  (a) Notwithstanding any other provision of law, the board shall by contract retain not less than two separate individual investment advisers.(b) Notwithstanding Section 13340 of the Government...
• Section 22354.
  (a) The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill full-time positions for, investment managers who are experienced...
• Section 22355.
  In no event shall the board employ through interagency agreement any investment personnel who would also serve during the term of the agreement as investment...
• Section 22356.
  The board may apply to reduce the book value of securities purchased, all or part of the excess of the proceeds of the sale or...
• Section 22359.
  Notwithstanding any other provision of law, the board may retain a bank or trust company to serve as custodian for safekeeping, delivery, securities valuation, investment...
• Section 22360.
  (a) Notwithstanding any other provision of law, the board may pursuant to Section 22203 and in conformance with its fiduciary duty set forth in Section 22250,...
• Section 22360.5.
  (a) The board may include in any investment program established pursuant to Section 22360 a procedure whereby a member may obtain 100 percent financing for the...
• Section 22361.
  (a) The board may, subject to and consistent with its fiduciary duty, establish a program utilizing the retirement fund to assist currently employed members and retired...
• Section 22362.
  (a) Notwithstanding any other provision of law, the board shall give first priority to investing not less than 25 percent of all funds of the plan...
• Section 22363.
  No matter involving any vendor or contractor, in their individual or any other capacity, shall be considered during a closed session on any transaction involving...
• Section 22364.
  (a) During the process leading to an award of any contract by the system, no member of the board or its staff shall knowingly communicate concerning...

Last modified: October 22, 2018