Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 5 - LOCAL AGENCIESDivision 2 - CITIES, COUNTIES, AND OTHER AGENCIESPart 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIESChapter 4 - FINANCIAL AFFAIRS
Article 1.5 - HEALTH FUND INVESTMENTS
Section 53620 - Authority to investment funds designated for payment of employee health benefits

Cal. Gov. Code § 53620

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Current through the 2024 Legislative Session.
Section 53620 - Authority to investment funds designated for payment of employee health benefits

Notwithstanding Section 53601 or 53635, the governing body of a local agency may invest funds designated for the payment of employee retiree health benefits in any form or type of investment deemed prudent by the governing body pursuant to Section 53622.

Ca. Gov. Code § 53620

Added by Stats. 1998, Ch. 996, Sec. 7. Effective January 1, 1999.