In addition to such other investments that are authorized by this article, the retirement board may, in its discretion, invest the assets of the retirement fund in deeds of trust and mortgages. Investments made under this section shall not exceed, in the aggregate, an amount equal to 25 percent of the assets of the system.
Cal. Pub. Util. Code § 12365.6
Retirement Board
Known as the Municipal Utility District Act
The act spans §§ 11501–14403 (486 sections).
Added by Stats. 1981, Ch. 484, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.