Section 22400 Of Chapter 8. Establishment And Control Of Funds From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 8.
22400
. (a) There is in the State Treasury a special trust fund to
be known as the Teachers' Retirement Fund. There shall be deposited
in that fund the assets of the plan and its predecessors, consisting
of employee contributions, employer contributions, state
contributions, appropriations made to it by the Legislature, income
on investments, other interest income, income from fees and
penalties, donations, legacies, bequests made to it and accepted by
the board, and any other amounts provided by this part and Part 14.
General Fund transfers pursuant to Section 22954 shall be placed in a
segregated account known as the Supplemental Benefit Maintenance
Account within the retirement fund, which is continuously
appropriated without regard to fiscal years, notwithstanding Section
13340 of the Government Code, for expenditure for the purposes of
Section 24415.
(b) Disbursement of money from the retirement fund of whatever
nature shall be made upon claims duly audited in the manner
prescribed for the disbursement of other public funds except that
notwithstanding the foregoing disbursements may be made to return
funds deposited in the fund in error.