Statute · California Government Code
Cal. Gov't Code § 100050 — THE CALSAVERS RETIREMENT SAVINGS TRUST ACT
Cal. Gov't Code § 100050
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2017-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Funding for startup and first-year administrative costs may be appropriated from the General Fund in the annual Budget Act. The board shall repay the amount appropriated, plus interest calculated at the rate earned by the Pooled Money Investment Account. Necessary administrative costs in future…
Citator
Cal. Gov't Code § 100050 — THE CALSAVERS RETIREMENT SAVINGS TRUST ACT is in force in the current edition of the Code, and nothing recorded condemns it.
Funding for startup and first-year administrative costs may be appropriated from the General Fund in the annual Budget Act. The board shall repay the amount appropriated, plus interest calculated at the rate earned by the Pooled Money Investment Account. Necessary administrative costs in future years shall be paid out of the administrative fund.