{"data":{"id":"us-ca/gov-53621","jurisdiction":"us-ca","citation":"GOV § 53621","heading":"","body":"The authority of the governing body to invest or to reinvest funds intended for the payment of employee retiree health benefits, or to sell or exchange securities purchased for that purpose, may be delegated by the governing body to designated officers.","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":"0fd883e0bbb75b1a50e33097ce4039eb6a7e9657f56fe8192b1bda085d9c81df","source_id":"us-ca","stale":false,"prev":"us-ca/gov-53620","next":"us-ca/gov-53622"},"notice":"GroundRules: Original legal text. Not legal advice."}