Section 12365.6 Of Article 3. Retirement Board From California Public Utilities Code >> Division 6. >> Chapter 5. >> Article 3.
12365.6
. In addition to such other investments that are authorized
by this article, the retirement board may, in its discretion, invest
the assets of the retirement fund in deeds of trust and mortgages.
Investments made under this section shall not exceed, in the
aggregate, an amount equal to 25 percent of the assets of the system.