Cal. Ed. Code § 22352

Current through the 2024 Legislative Session.
Section 22352 - Competitive bidding processes to contract with qualified investment managers and investment advisers

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 Personnel Board, the board may, pursuant to policy adopted by the board, establish competitive bidding processes, and specify the contract terms and conditions it solely deems necessary and prudent to contract with qualified investment managers and investment advisers, as defined in Section 22143, having demonstrated expertise in managing, or advising the management of, large and diverse investment portfolios to render service in connection with the investment program of the board.

Ca. Educ. Code § 22352

Amended by Stats 2021 ch 619 (AB 539),s 1, eff. 1/1/2022.
Amended by Stats 2012 ch 864 (AB 2663),s 5, eff. 1/1/2013.
Amended by Stats 2012 ch 728 (SB 71),s 30, eff. 1/1/2013.
Amended by Stats 2001 ch 803 (SB 501), s 5, eff. 1/1/2002.