(a) All investment transaction decisions made during a closed session pursuant to paragraph (16) of subdivision (c) of Section 11126 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.

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Terms Used In California Government Code 20191.5

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

(Added by Stats. 1998, Ch. 923, Sec. 7. Effective January 1, 1999.)

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