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Section 22307 Of Chapter 5. Administration From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 5.
22307
. (a) The board may authorize the transfer and disbursement of
funds from the retirement fund for the purpose of carrying into
effect this part and Part 14 (commencing with Section 26000). That
action shall require signatures of either the board chairperson and
vice chairperson, or the signatures of the board chairperson or vice
chairperson and the chief executive officer or any employee of the
system designated by the chief executive officer.
(b) Notwithstanding Section 13340 of the Government Code, the board may disburse funds for benefits payable under this part and Part 14 (commencing with Section 26000), for the payment of refunds and for investment transactions. Funds for these purposes shall not require appropriation by the annual Budget Act.
(c) Funds for the payment of administrative expenses are not continuously appropriated, and funds for that purpose shall be appropriated by the annual Budget Act.
(b) Notwithstanding Section 13340 of the Government Code, the board may disburse funds for benefits payable under this part and Part 14 (commencing with Section 26000), for the payment of refunds and for investment transactions. Funds for these purposes shall not require appropriation by the annual Budget Act.
(c) Funds for the payment of administrative expenses are not continuously appropriated, and funds for that purpose shall be appropriated by the annual Budget Act.
