California Legal Codes and Statutes

§ 53620

Added by Stats. 1998, Ch. 996, Sec. 7. Effective January 1, 1999.

Notwithstanding Section 53601 or 53635, the governing body of a local agency may invest funds designated for the payment of employee retiree health benefits in any form or type of investment deemed prudent by the governing body pursuant to Section 53622.

Cite this section

Cal. Gov. Code § 53620 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-4-financial-affairs/article-1-5-health-fund-investments/section-53620

Other sections in Article 1.5 - Health Fund Investments

§ 53620§ 53621§ 53622

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