California Education Code

§ 89726

EDC § 89726 Effective Jan 1, 2023Div. 8 · Title 3 · Part 55 · Ch. 6 · Art. 2

Statute text

(a)(1) The trustees may invest in securities or investments not listed in Section 16430 of the Government Code only if the trustees have established a committee to provide advice and expertise on investments.

(2)A majority of the members of the committee shall be individuals who have investment expertise and who are not employees of the California State University.

(3)The trustees shall allow the Treasurer to serve as a member of the committee or to appoint a deputy treasurer to serve as a member of the committee.

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Legislative history

Amended by Stats. 2022, Ch. 530, Sec. 3. (AB 2422) Effective January 1, 2023.