California § 31595.1 - The board may authorize the treasurer to control and safely keep some or all of t
Full text of California Public Contract Code - PCC § 31595.1 — The board may authorize the treasurer to control and safely keep some or all of t, with citation guidance and answers to common questions.
§ 31595.1. The board may authorize the treasurer to control and safely keep some or all of t
(a) The board may authorize the treasurer to control and safely keep some or all of the moneys of the retirement system. If authorized, the treasurer may invest and reinvest the moneys, and may from time to time sell any securities belonging to the system and may invest and reinvest the proceeds therefrom. An investment in or sale of securities shall not be made except upon the authorization of the board. (b) The board, in lieu of acting pursuant to subdivision (a), may delegate to another entity some or all of the powers prescribed in that subdivision.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31595.1
What does Public Contract Code - PCC § 31595.1 cover?
Section 31595.1 ("The board may authorize the treasurer to control and safely keep some or all of t") 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 § 31595.1?
A common citation format is "Public Contract Code - PCC § 31595.1" (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 § 31595.1 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.