California § 98203 - If the district maintains its own retirement fund the retirement board shall have
Full text of California Public Contract Code - PCC § 98203 — If the district maintains its own retirement fund the retirement board shall have, with citation guidance and answers to common questions.
§ 98203. If the district maintains its own retirement fund the retirement board shall have
If the district maintains its own retirement fund the retirement board shall have exclusive control of the administration, investment, and disbursement of such fund. Investment of the fund shall be subject to the terms, conditions, limitations, and restrictions imposed by the laws of this state upon savings banks in the making of investments by savings banks, and cash may be deposited in any licensed national bank or banks in this state or in any bank, banks, or corporations authorized or licensed to do a banking business and organized under the laws of this state.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 98203
What does Public Contract Code - PCC § 98203 cover?
Section 98203 ("If the district maintains its own retirement fund the retirement board shall have") 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 § 98203?
A common citation format is "Public Contract Code - PCC § 98203" (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 § 98203 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.