California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
Division 5. PERSONNEL |
Part 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM |
Chapter 2. Administration of System |
ARTICLE 6. Investments |
Section 20192.
Latest version.
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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.
(Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.)