{"data":{"id":"us-ca/puc-12303","jurisdiction":"us-ca","citation":"PUC § 12303","heading":"","body":"Before establishing any retirement system the board shall secure a report from a qualified actuary, which shall show the cost of the benefits provided by the system, and the prospective assets and liabilities of the system.","path":["Public Utilities Code - PUC","DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT [11501. - 14403.5.]","CHAPTER 5. Retirement System [12301. - 12392.]","ARTICLE 1. Establishment [12301. - 12307.]"],"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":"fb3e1c2f78e332a7c484f834dd83920e9456a088dff8690ea4835068d0b047bd","source_id":"us-ca","stale":false,"prev":"us-ca/puc-12302","next":"us-ca/puc-12304"},"notice":"GroundRules: Original legal text. Not legal advice."}