California § 71561 - The endowment funds shall be administered and managed in accordance with all of t
Full text of California Public Contract Code - PCC § 71561 — The endowment funds shall be administered and managed in accordance with all of t, with citation guidance and answers to common questions.
§ 71561. The endowment funds shall be administered and managed in accordance with all of t
The endowment funds shall be administered and managed in accordance with all of the following: (a) Reasonably prudent investor standards that will give the fund the capacity to achieve reasonable rates of return on investment similar to those of other prudent investors for long-term investments. (b) Use of generally accepted accounting practices, and expenditure and investing procedures. (c) Investment policies that are consistent with the Uniform Prudent Investor Act (Article 2.5 (commencing with Section 16045) of Chapter 1 of Part 4 of Division 9 of the Probate Code), and with the Uniform Management of Institutional Funds Act (Part 7 (commencing with Section 18501) of Division 9 of the Probate Code), as applicable.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 71561
What does Public Contract Code - PCC § 71561 cover?
Section 71561 ("The endowment funds shall be administered and managed in accordance with 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 § 71561?
A common citation format is "Public Contract Code - PCC § 71561" (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 § 71561 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.