California § 12364 - If the district maintains its own retirement fund, the retirement board shall hav
Full text of California Public Contract Code - PCC § 12364 — If the district maintains its own retirement fund, the retirement board shall hav, with citation guidance and answers to common questions.
§ 12364. If the district maintains its own retirement fund, the retirement board shall hav
If the district maintains its own retirement fund, the retirement board shall have exclusive control of the administration, investment, and disbursement of the retirement fund. The retirement fund is a trust fund held for the exclusive purposes of providing benefits to members of the retirement system and their survivors and beneficiaries. Investment of the fund shall be subject to the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12364
What does Public Contract Code - PCC § 12364 cover?
Section 12364 ("If the district maintains its own retirement fund, the retirement board shall hav") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 12364?
A common citation format is "Public Contract Code - PCC § 12364" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 12364 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.