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Section 22330 Of Chapter 5. Administration From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 5.
22330
. (a) The board shall provide the Legislature with an analysis
of the asset and liability implications of each bill that would
affect the investment strategy of the system, the funding of the
plan, or the benefit structure of the plan. The analysis shall
include an explanation of the methodology employed and the
assumptions used in its preparation. Neither fiscal committee of the
Legislature shall hear any such bill until the analysis has been
provided to the committee.
(b) There is hereby continuously appropriated, without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from subdivision (a), but not to exceed fifty thousand dollars ($50,000) in any one fiscal year.
(b) There is hereby continuously appropriated, without regard to fiscal years, from the retirement fund, an amount sufficient to pay all costs arising from subdivision (a), but not to exceed fifty thousand dollars ($50,000) in any one fiscal year.
