California Education Code

§ 22228

EDC § 22228 Effective Jan 1, 2023Div. 1 · Title 1 · Part 13 · Ch. 3

Statute text

(a)Commencing March 1, 2023, and annually thereafter, the board shall submit a report to the Legislature on the status of achieving appropriate objectives and initiatives, as defined by the board, regarding participation of emerging or diverse managers responsible for asset management within its portfolio of investments. The report shall be based on contracts that the system enters into on and after January 1, 2022.

(b)The report shall also identify and include both of the following:

(1)The name of each emerging or diverse manager providing investment portfolio or asset management services at the end of the prior fiscal year, including, but not limited to, fund of funds contracts, for all asset classes, as applicable. The board shall also report the year the emerging or diverse manager was first engaged or contracted to provide investment portfolio or asset management services.

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Legislative history

Amended by Stats. 2022, Ch. 28, Sec. 32. (SB 1380) Effective January 1, 2023. Repealed as of January 1, 2028, by its own provisions.