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 or residential purposes as an investment for the production of income.
Cal. Gov. Code § 20192
Investments
Known as the Public Employees’ Retirement Law
The act spans §§ 20000–21716 (1,037 sections).
Added by Stats. 1995, Ch. 379, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.