(a) All investment transaction decisions made during a closed session, pursuant to paragraph (16) of subdivision (c) of § 11126 of the Government Code, shall be by rollcall vote entered into the minutes of that meeting.

(b) The board, within 12 months of the close of an investment transaction or the transfer of system assets for an investment transaction, whichever occurs first, shall disclose and report the investment at a public meeting.

Terms Used In California Education Code 22203.5

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.

(Amended by Stats. 2003, Ch. 859, Sec. 4. Effective January 1, 2004.)

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