California § 25931 - The board shall have exclusive control of the administration of the fund. No tran
Full text of California Public Contract Code - PCC § 25931 — The board shall have exclusive control of the administration of the fund. No tran, with citation guidance and answers to common questions.
§ 25931. The board shall have exclusive control of the administration of the fund. No tran
The board shall have exclusive control of the administration of the fund. No transfers or disbursements of any amount from the fund shall be made except upon the authorization of the board for the purpose of carrying into effect the provisions of this part. Except as otherwise limited by the California Constitution and by law, the board may, in its discretion, invest the assets of the fund through the purchase, holding, or sale of any investment, financial instrument, or financial transaction, when the investment, financial instrument, or financial transaction is prudent in the informed opinion of the board.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 25931
What does Public Contract Code - PCC § 25931 cover?
Section 25931 ("The board shall have exclusive control of the administration of the fund. No tran") 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 § 25931?
A common citation format is "Public Contract Code - PCC § 25931" (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 § 25931 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.