California § 69991 - The assets of the trust, including the program fund, shall at all times be preser

Full text of California Public Contract Code - PCC § 69991 — The assets of the trust, including the program fund, shall at all times be preser, with citation guidance and answers to common questions.

§ 69991. The assets of the trust, including the program fund, shall at all times be preser

The assets of the trust, including the program fund, shall at all times be preserved, invested, and expended solely and only for the purposes of the trust and shall be held in trust for the participants and beneficiaries and no property rights therein shall exist in favor of the state. The assets shall not be transferred or used by the State of California for any purposes other than the purposes of the trust.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 69991

What does Public Contract Code - PCC § 69991 cover?

Section 69991 ("The assets of the trust, including the program fund, shall at all times be preser") 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 § 69991?

A common citation format is "Public Contract Code - PCC § 69991" (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 § 69991 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.