GroundRules
GOV § 21702
Where this section sits in the code
- Government Code - GOV
- TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]
- DIVISION 5. PERSONNEL [18000. - 22980.]
- PART 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM [20000. - 21716.]
- CHAPTER 18. California Public Employees Retirement System School Employees Alternative System [21700. - 21703.]
Notwithstanding any other provision of law, the board may establish a plan fund, and retain a bank or trust company to serve as repository of the fund. The board may also retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery, securities valuation, investment performance reporting, or other services in connection with investment of the fund. The board has exclusive control of the administration and investment of the fund. Notwithstanding Section 13340, all moneys in the plan fund are continuously appropriated, without regard to fiscal years, for the purposes of this chapter.
Collected 2026-09-14T05:56:33Z. Source file · JSON