California § 6932 - Any written contract entered into between a governmental investor and an investme
Full text of California Public Contract Code - PCC § 6932 — Any written contract entered into between a governmental investor and an investme, with citation guidance and answers to common questions.
§ 6932. Any written contract entered into between a governmental investor and an investme
Any written contract entered into between a governmental investor and an investment manager on or after January 1, 1991, for the management of assets of a public fund or a public pension or retirement fund, which includes a soft dollar and directed brokerage arrangement, shall contain the following requirements: (a) The investment manager shall maintain complete and detailed records of all billed services provided pursuant to soft dollar and directed brokerage arrangements. (b) The services which may be provided by a broker-dealer pursuant to soft dollar and directed brokerage arrangements shall be clearly defined. (c) The investment manager shall, in the customer agreement letters with governmental investors, disclose: (1) A list of all billed services provided pursuant to soft dollar and directed brokerage arrangements with respect to investment transactions for the governmental investor. (2) The justification for providing each of those services. (3) The maximum percentage of the investment transactions of the governmental investor planned for use in soft dollar and directed brokerage arrangements. (4) An annual statement of all billed services provided during the previous year under soft dollar and directed brokerage arrangements with respect to investment transactions for the governmental investor. (5) A determination of whether each service provided under soft dollar and directed brokerage arrangements with respect to investment transactions for the governmental investor is proprietary or is being shared by other clients of the investment manager.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6932
What does Public Contract Code - PCC § 6932 cover?
Section 6932 ("Any written contract entered into between a governmental investor and an investme") 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 § 6932?
A common citation format is "Public Contract Code - PCC § 6932" (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 § 6932 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.