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Cal. Educ. Code § 22353

Investments

Known as the E. Richard Barnes Act

The act spans §§ 22000–25115 (716 sections).

Added by Stats. 1993, Ch. 893, Sec. 2

(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 Code, there is hereby continuously appropriated without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from this section.

(c) No costs arising from this section shall be paid from the General Fund.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.