Cal. EDC § 22203
This is the official text of Cal. EDC § 22203, part of California’s Education Code — governs public schools, community colleges, and universities in California.
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Official statutory text
The board has exclusive control of the investment of the Teachers’ Retirement Fund. Except as otherwise restricted by the California Constitution and by law, the board may in its discretion invest the assets of the fund through the purchase, holding, or sale thereof of any investment, financial instrument, or financial transaction when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board.
Status: in_force · Read it on the official government site
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