Title GOV — California Gov. Code

The board shall biennially select from its members a president and secretary.

A majority of the members of the board constitutes a quorum and may transact business.

The board shall make an annual report in June to the legislative body of the local agency. The report shall state: (a) The condition of the fund. (b) The receipts and disbursements on account of the fund. (c) A list of the beneficiaries of the fund and the amounts paid them.

The board may compel witnesses to attend and testify before it upon matters concerning the system established by this chapter. Such testimony shall be taken in the same manner as testimony is taken before notaries public. The president or a member of the board may administer oath…

The board may appoint a secretary and provide for the payment of its necessary expenses, including secretary hire and printing, from the fund.

The board may make regulations for its guidance pursuant to this chapter.

The board shall issue warrants to persons entitled for the amount of money ordered paid them from the fund by the board. The warrant shall be signed by the president and secretary and shall state the purpose of the payment.

The board shall keep a record of all its proceedings.

At each quarterly meeting, the board shall send to the treasurer and the auditor of the local agency a list of persons entitled to payment from the fund and the amount and purpose of the payments. The list shall be certified and signed by the president and secretary of the board …

The auditor shall copy the list in a book kept for that purpose which shall be known as the police relief and pension fund book or the firemen’s relief and pension fund book. The auditor shall transmit the list to the legislative body of the local agency. It shall order the payme…

Upon proper vouchers, payments pursuant to this chapter shall be made quarterly from the police relief and pension fund and monthly from the firemen’s relief and pension fund.

No compensation emolument shall be paid to any member of the board for any duty performed pursuant to this chapter.

When a member has attained age 60 and has served in the fire department for twenty years, or more, in the aggregate, the board may order him retired from further service. From the date of the order the service of the member in the fire department ceases and, during his lifetime, …

A member of the police department may retire for service pursuant to this section. Upon receipt of a member’s application for retirement, the board shall order him retired from further service. From the date of the order the service of the member in the police department ceases a…

Notwithstanding any other provision of this chapter, if all members defined by Section 50804 or Section 50805 or both Sections 50804 and 50805 agree in writing thereto, the governing body of a local agency may, by resolution, provide to those members, in lieu of the benefits prov…

Upon the written request of a member who becomes physically disabled by reason of bodily injury received in the performance of his duty, the board may retire him and order that he be paid from the fund, during his lifetime, an annual pension equal to one-half of the annual salary…

On the death of a disabled member, his heirs or assigns have no claim against the fund.

If the disability ceases, the pension ceases and the member shall be restored to active service at the same salary he received at retirement.

A member shall not be retired for disability or receive any benefit from the fund unless certificates of his disability are filed with the board. The certificates shall be subscribed and sworn to by the member, the physician of the local agency if there is one, and two regularly …

The board may at any time summon before it a member retired for disability and require examination of his fitness for duty.

A member retired pursuant to this chapter shall report to the chief of the department from which he was retired on the first Mondays of April, July, October, and January of each year.

During great public emergency the chief of the department may assign members retired from that department to such duty as he directs. They have no claim against the local agency for payment for duty so performed.

Upon satisfactory proof that a member has lost his or her life in the performance of his or her duty, leaving a surviving spouse or children under age 16, the board shall order an annual pension of one-third the annual salary attached to the rank he or she held at his or her deat…

If the surviving spouse or a child marries, the pension to such person ceases.

If a member dies from natural causes after 10 years of service, his or her surviving spouse or children, or if there are no surviving spouse or children, his or her parents or siblings, shall receive one thousand dollars ($1,000) from the fund.

A person who resigns or is dismissed from the department is not entitled to relief from the fund.

Upon the occurrence of any of the following events, the payment of a pension or benefit to the recipient shall cease. The recipient is: (a) Convicted of a felony. (b) Becomes a habitual drunkard. (c) Becomes a nonresident of this State. (d) Fails to report for examination for dut…

At the time of each annual tax levy, the legislative body of the local agency shall direct that from the funds of the local agency an amount equal to 2 percent of the salaries paid to the policemen during the preceding year be paid into the police relief and pension fund, and an …

At the time of each annual tax levy, the legislative body shall direct the payment into the police relief and pension fund of the following amounts: (a) Not less than 5 nor more than 10 percent of all money received from licenses for the keeping of places where spirituous, malt, …

At the time of each annual tax levy, the legislative body shall direct the payment into the firemen’s relief and pension fund of the following amounts: (a) All rewards paid to members of the fire department. (b) All fines paid by members of the fire department for violations of t…

On June 30th of each year, or as soon thereafter as practicable, the auditor of the local agency shall make a report to the legislative body stating: (a) The amount of money disbursed on account of the fund during the previous year. (b) The amount to the credit of the fund.

If the amount in the fund exceeds the amount required for disbursal, the excess shall be transferred to the general fund of the local agency and no longer under the control of the board. The amount required for disbursement is deemed the average amount per year disbursed during t…

As used in this article, the term “peace officer” means a sheriff, undersheriff, deputy sheriff, marshal, or deputy marshal of a county or city and county, or a marshal or police officer of a city or town, employed and compensated as such, whether the members are volunteer, partl…

Whenever any peace officer of a city, county, or city and county of this state is injured, dies, or is disabled from performing his or her duties as a peace officer by reason of engaging in the apprehension or attempted apprehension of law violators or suspected law violators or …

Nothing in this article shall be deemed to: (a) Require the extension of any benefits to a peace officer who at the time of his injury, death, or disability is acting for compensation from one other than the city, county or city and county of his primary employment. (b) Require t…

As used in this article the term “firefighter” shall be deemed to include only a member of a fire department of cities, counties, cities and counties, districts or other public or municipal corporations or political subdivisions, whether the members are volunteer, partly paid, or…

Whenever any fireman of a city, county, city and county, district, or other public or municipal corporation or political subdivision is injured, dies or is disabled from performing his duties as a fireman by reason of his proceeding to or engaging in a fire suppression or rescue …

Nothing in this article shall be deemed to: (a) Require the extension of any benefits to a fireman who at the time of his injury, death, or disability is acting for compensation from one other than the city, county, city and county, district, or other public or municipal corporat…

Where the duties of assessing property and collecting city taxes are performed for a city by the county assessor and the county tax collector in a manner provided by law, cities and counties may enter into an agreement whereby special assessments may be collected at the same time…

As used in this article, “local agency” means county, city, city and county, including a chartered city or county, school district, community college district, public district, county board of education, county superintendent of schools, or any public or municipal corporation.

Except as provided in subdivision (a) of Section 27000.3, all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to …

When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the primary objective of a trustee shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the depositor.…

The Legislature hereby finds that the solvency and creditworthiness of each individual local agency can impact the solvency and creditworthiness of the state and other local agencies within the state. Therefore, to protect the solvency and creditworthiness of the state and all of…

This section shall apply to a local agency that is a city, a district, or other local agency that does not pool money in deposits or investments with other local agencies, other than local agencies that have the same governing body. However, Section 53635 shall apply to all local…

The authority of a local agency to invest funds pursuant to Section 53601 includes, in addition thereto, authority to invest in financial futures or financial option contracts in any of the investment categories enumerated in that section.

As used in this article, “corporation” includes a limited liability company.

The purchase by a local agency of any investment authorized pursuant to Section 53601 or 53601.1, not purchased directly from the issuer, shall be purchased either from an institution licensed by the state as a broker-dealer, as defined in Section 25004 of the Corporations Code, …

(a) A local agency shall not invest any funds pursuant to this article or pursuant to Article 2 (commencing with Section 53630) in inverse floaters, range notes, or mortgage-derived, interest-only strips. (b) A local agency shall not invest any funds pursuant to this article or p…

Notwithstanding any other provision of this code, a local agency that has the authority under law to invest funds, at its discretion, may invest a portion of its surplus funds in deposits at a commercial bank, savings bank, savings and loan association, or credit union that uses …

The legislative body shall invest only in notes, bonds, bills, certificates of indebtedness, warrants, or registered warrants which are legal investments for savings banks in the State, provided, that the board of supervisors of a county may, by a four-fifths vote thereof, invest…