California Government Code ARTICLE 6 - Investments

• Section 20190.
  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...
• Section 20191.
  The board may itself make any investment authorized by law or sell any security, obligation, or real property in which moneys in the retirement fund...
• Section 20191.5.
  (a) All investment transaction decisions made during a closed session pursuant to paragraph (16) of subdivision (c) of Section 11126 shall be by rollcall vote entered...
• Section 20192.
  In addition to the other investments authorized by this article, the board may invest in real estate and leases thereof and improvements thereon for business...
• Section 20193.
  The board may invest the money in the retirement fund in real property or improvements thereon or to be constructed thereon when the real property...
• Section 20194.5.
  In addition to the other investments authorized by this article, the board may invest in Property Assessed Clean Energy (PACE) bonds, as defined in Section...
• Section 20195.
  (a) The board may select, purchase, or acquire in the name of the system, the fee or any lesser interest in real property, improved or unimproved,...
• Section 20196.
  The board may contract with the Department of General Services or any other state department for assistance and supervision in the acquisition of real property...
• Section 20197.
  All buildings and improvements constructed by the board under this article may contain space in excess of the immediate requirements of the board that, until...
• Section 20198.
  Any building or improvement constructed by the board under this article shall be subject to the supervision of the board in accordance with rules and...
• Section 20199.
  The board shall establish a building account for the transfer of money that is continuously appropriated for that purpose from the retirement fund for the...
• Section 20200.
  (a) Notwithstanding any other provision of law, the board may establish a program utilizing the retirement fund to assist system members, through financing, to obtain homes...
• Section 20201.
  (a) It is the intent of the Legislature that the provisions of this section be available to assist members in obtaining homes throughout the United States....
• Section 20202.
  The board may, subject to and consistent with its fiduciary duty, establish a program utilizing the retirement fund to assist currently employed members and annuitants...
• Section 20203.
  Notwithstanding any other law, the board may enter into security loan agreements with respect to securities in which the board is authorized by law to...
• Section 20206.
  The board shall employ investment counsel on its staff or on a consulting basis or trust companies or trust departments of bands to render service...
• Section 20207.
  (a) The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable that this system obtain...
• Section 20208.
  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 20209.
  The board shall, pursuant to the state civil service statutes, either contract with, or establish and fill a full-time position for, a person who is...
• Section 20210.
  Notwithstanding any other provision of law, the board shall, by contract, retain not less than two separate individual investment advisers. There is hereby appropriated, without...

Last modified: October 22, 2018