Notwithstanding any other provision of this chapter, a legislative body of a local agency that invests pension funds may hold a closed session to consider the purchase or sale of particular, specific pension fund investments. All investment transaction decisions made during the closed session shall be made by rollcall vote entered into the minutes of the closed session as provided in subdivision (a) of Section 54957.2.
Cal. Gov. Code § 54956.81
Meetings
Known as the Ralph M. Brown Act
The act spans §§ 54950–54963 (68 sections).
Added by Stats. 2004, Ch. 533, Sec. 20
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.