California § 24937 - The joint district retirement board shall have charge and control of the district
Full text of California Public Contract Code - PCC § 24937 — The joint district retirement board shall have charge and control of the district, with citation guidance and answers to common questions.
§ 24937. The joint district retirement board shall have charge and control of the district
(a) The joint district retirement board shall have charge and control of the district retirement fund of the district and of the payment of all retirement salaries and annuities payable from the fund. The joint district retirement board shall invest the funds in securities that are legal for the investment of funds of savings banks in this state and shall sell the securities and reinvest the proceeds in securities legal for investment of funds of savings banks when in the judgment of the joint district retirement board the sale and reinvestment is advisable. No investment in or sale of securities shall be made except upon authorization of the joint district retirement board at a meeting of the board. (b) The board also shall collect the income from the securities and pay it into the joint district retirement fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24937
What does Public Contract Code - PCC § 24937 cover?
Section 24937 ("The joint district retirement board shall have charge and control of the district") 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 § 24937?
A common citation format is "Public Contract Code - PCC § 24937" (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 § 24937 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.