{"data":{"id":"us-ca/gov-53620","jurisdiction":"us-ca","citation":"GOV § 53620","heading":"","body":"Notwithstanding Section 53601 or 53635, the governing body of a local agency may invest funds designated for the payment of employee retiree health benefits in any form or type of investment deemed prudent by the governing body pursuant to Section 53622.","path":["Government Code - GOV","TITLE 5. LOCAL AGENCIES [50001. - 57607.]","DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","CHAPTER 4. Financial Affairs [53600. - 53997.]","ARTICLE 1.5. Health Fund Investments [53620. - 53622.]"],"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":"8f294a183b2e3a0c9cf4c55b0436f172478c607f7d1f7bf08ebcdd46d71b5eac","source_id":"us-ca","stale":false,"prev":"us-ca/gov-53610","next":"us-ca/gov-53621"},"notice":"GroundRules: Original legal text. Not legal advice."}