{"data":{"id":"us-ca/gov-20208","jurisdiction":"us-ca","citation":"GOV § 20208","heading":"","body":"Upon a finding by the board that necessary investment expertise is not available within existing civil service classifications, and with the approval of the State Personnel Board, the board may contract with qualified investment personnel having demonstrated expertise in the management of large and diverse investment portfolios to render service in connection with the investment program of the board.\nThe board shall report to the Governor, the Legislature, and the Joint Legislative Budget Committee on the nature, duration, and cost of investment contract services used. The report shall be submitted annually in April.","path":["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 2. Administration of System [20090. - 20260.]","ARTICLE 6. Investments [20190. - 20210.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"2115b9175cb2c88b0ee4bddb9cf0eed01ea30a79fb92d884df886ef551a811c7","source_id":"us-ca","stale":false,"prev":"us-ca/gov-20207","next":"us-ca/gov-20209"},"notice":"GroundRules: Original legal text. Not legal advice."}