California Government Code 31601.1 – In counties having a board of investments pursuant to Section …
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In counties having a board of investments pursuant to Section 31520.2, no investment shall be made in real property unless it is approved by six votes of the board or, where a county board of supervisors or a county board of education has a material interest in the property unless it is approved by nine votes of the board.
(Amended by Stats. 1984, Ch. 1738, Sec. 19. Effective September 30, 1984.)
Terms Used In California Government Code 31601.1
- County: includes city and county. See California Government Code 19
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.