Gov. Code, § 21676 · Chapter 16. Deferred Compensation
Gov. Code, § 21676
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The Public Employees’ Deferred Compensation Fund is hereby established. Notwithstanding any other provision of law, the board may:
(a) Establish one or more accounts, trusts, group trusts, or similar vehicles within the fund.
(b) Retain a bank, trust company, or similar entity to serve as repository of the fund, or of any account, trust, group trust, or other similar vehicle within the fund.
The board may also retain a bank or trust company to serve as a custodian for safekeeping, recordkeeping, delivery, securities valuation, investment performance reporting, or other services in connection with investment of the fund or of any account, trust, group trust, or similar vehicle within the fund.
Notwithstanding Section 13340, all moneys in the fund are continuously appropriated, without regard to fiscal years, to the board to carry out the purposes of this chapter.
Notes and commentary — not statutory text
History
Amended by Stats. 2010, Ch. 639, Sec. 13. (SB 1139) Effective January 1, 2011.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=21676.
- Text hash
- sha256 94925222cc09c5c5e861ab95ddd963746a7c17c3ca46b6ab44ef06aa82adc2d4
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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