California Legal Codes and Statutes

§ 53621

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

The authority of the governing body to invest or to reinvest funds intended for the payment of employee retiree health benefits, or to sell or exchange securities purchased for that purpose, may be delegated by the governing body to designated officers.

Cite this section

Cal. Gov. Code § 53621 (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-53621

Other sections in Article 1.5 - Health Fund Investments

§ 53620§ 53621§ 53622

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.