reglab/housing_qa huggingface dataset:
CA Govt Code § 7507.2 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7507.2.

7507.2.  (a) There is hereby enacted the California Actuarial Advisory Panel. The panel shall provide impartial and independent information on pensions, other postemployment benefits, and best practices to public agencies and shall meet quarterly.(b) The responsibilities of the California Actuarial Advisory Panel shall include, but are not limited to:(1) Defining the range of actuarial model policies and best practices for public retirement plan benefits, including pensions and other postemployment benefits.(2) Developing pricing and disclosure standards for California public sector benefit improvements.(3) Developing quality control standards for California public sector actuaries.(4) Gathering model funding policies and practices.(5) Replying to policy questions from public retirement systems in California.(6) Providing comment upon request by public agencies.(c) The California Actuarial Advisory Panel shall consist of eight members. Each member shall be an actuary who has attained the designation of Associate or Fellow of the Society of Actuaries and who has demonstrated experience with public sector clients. Members shall be appointed by the entities listed below, and each member shall serve a three-year term, provided that, in the initial appointments only, the panelists named by the University of California, the Senate, and one of the panelists named by the Governor shall serve two-year terms. The Governor shall appoint two panelists, and one panelist shall be appointed by each of the following:(1) The Teachers’ Retirement Board.(2) The Board of Administration of the Public Employees’ Retirement System.(3) The State Association of County Retirement Systems.(4) The Board of Regents of the University of California.(5) The Speaker of the Assembly.(6) The Senate Committee on Rules.(d) The California Actuarial Advisory Panel shall be located in the Controller’s office, which shall provide support staff to the panel.(e) The opinions of the California Actuarial Advisory Panel are nonbinding and advisory only. The opinions of the panel shall not, in any case, be used as the basis for litigation.(f) A member of the California Actuarial Advisory Panel shall receive reimbursement for expenses that shall be paid by the authority that appointed the member.(g) The California Actuarial Advisory Panel shall report to the Legislature on or before February 1 of each year.(Amended by Stats. 2016, Ch. 415, Sec. 5. (AB 2375) Effective January 1, 2017.)
CA Govt Code § 7507.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7507.5.

7507.5.  It is the intent of the Legislature that the Regents of the University of California provide written notice to the Legislature of any proposed changes to retirement plan benefits, employer or employee contribution rates, or actuarial assumptions affecting the University of California Retirement System, at least 60 days prior to the effective date thereof. The written notice shall be provided to the Joint Legislative Budget Committee and the fiscal subcommittees and shall consist of:(a) A description and explanation of each specific proposed change to the benefit structure, contribution rates, or actuarial assumptions.(b) The actuarial impact upon future annual costs of each proposed change.(Added by Stats. 1984, Ch. 268, Sec. 16.95. Effective June 29, 1984.)
CA Govt Code § 7508 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7508.

7508.  A retired member of a state retirement system, other than the University of California Retirement System, the Judges’ Retirement System, the Judges’ Retirement System II, and the State Teachers’ Retirement System, may, notwithstanding Section 9359.12, serve on a public board or commission and be entitled to receive for that service, per diem compensation for every day or portion thereof of actual attendance at meetings of the board or commission or any committee thereof, and necessary traveling expenses incurred in connection with the performance of his or her official duties, without loss or interruption of benefits provided by the system, so long as the service does not exceed a total of 50 meeting days.This section shall not apply to service as a member of a board or commission the annual salary for which is prescribed by Chapter 6 (commencing with Section 11550) of Division 3 of Title 2.(Amended by Stats. 1994, Ch. 879, Sec. 1. Effective September 27, 1994. Operative November 9, 1994, by Sec. 16 of Ch. 879.)
CA Govt Code § 7508.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7508.5.

7508.5.  Except as otherwise provided in Section 20098 or 31528 of this code, or Section 22212.5 of the Education Code, an individual who was a member of the retirement board of a public pension or retirement system, as defined in subdivision (h) of Section 17 of Article XVI of the California Constitution, or an administrator, executive officer, investment officer, or general counsel of that board, shall not, for a period of two years after leaving that position, for compensation, act as agent or attorney for, or otherwise represent, any other person except the public entity maintaining that pension or retirement system, by making any formal or informal appearance before, or any oral or written communication to, the pension or retirement system, or any officer or employee thereof, if the appearance or communication is made for the purpose of influencing administrative or legislative action, or any action or proceeding involving the issuance, amendment, awarding, or revocation of a permit, license, grant, contract, or sale or purchase of goods or property.(Added by Stats. 2009, Ch. 301, Sec. 2. (AB 1584) Effective October 11, 2009.)
CA Govt Code § 7509 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7509.

7509.  (a) The restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any loans made by, or forbearances of, any state or local public retirement system, including, but not limited to, any public retirement system authorized and regulated by the State Teachers’ Retirement Law, the Public Employees’ Retirement Law, the County Employees Retirement Law of 1937, any public retirement system administered by the Teachers Retirement Board or Board of Administration of the Public Employees’ Retirement System, or any public retirement system acting pursuant to the laws of this state or the laws of any local agency.(b) For the purposes of this section, “local agency” means county, city, city and county, district, school district, or any public or municipal corporation, political subdivision, or other public agency of the state, or any instrumentality of one or more of these agencies.(c) This section creates and authorizes any state or local retirement system as an exempt class of persons pursuant to Section 1 of Article XV of the California Constitution.(Amended by Stats. 2006, Ch. 538, Sec. 236. Effective January 1, 2007.)
CA Govt Code § 7510.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7510.5.

7510.5.  (a) For purposes of this section, the following definitions apply:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement Board.(2) “Climate-related financial risk” means risk that may include material financial risk posed to the fund by the effects of the changing climate, such as intense storms, rising sea levels, higher global temperatures, economic damages from carbon emissions, and other financial and transition risks due to public policies to address climate change, shifting consumer attitudes, changing economics of traditional carbon-intense industries.(3) “Fund” means the Public Employees’ Retirement Fund described in Section 20062 or the Teachers’ Retirement Fund described in Section 22167 of the Education Code.(b) To the extent the board identifies climate-related financial risk as a material risk to the fund, that risk shall be analyzed.(c) By January 1, 2020, and every three years thereafter, the board shall publicly report on its analysis of the climate-related financial risk of its public market portfolio, including the alignment of the fund with the Paris climate agreement and California climate policy goals and the exposure of the fund to long-term risks.(d) The board shall include in the reports pursuant to subdivision (c) the methods and results of the board’s engagement related to climate-related financial risk with publicly traded companies that are the most carbon intense, such as utilities, oil, and gas producers, within the fund. This component of the reports shall include both of the following:(1) A summary of climate-related financial risk-related engagement activities undertaken.(2) A description of additional action taken, or planned to be taken, by the board to address climate-related financial risk, including a list of proxy votes and shareholder proposals initiated by the board.(e) Nothing in this section shall require the board to take action as described in this section unless the board determines in good faith that the action described in this section is consistent with the fiduciary responsibilities of the board as described in Section 17 of Article XVI of the California Constitution.(f)  This section shall remain in effect only until January 31, 2035, and as of that date is repealed.(Added by Stats. 2018, Ch. 731, Sec. 2. (SB 964) Effective January 1, 2019. Repealed as of January 31, 2035, by its own provisions.)
CA Govt Code § 7511 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7511.

7511.  Notwithstanding any other provision to the contrary:(a) A public retirement system may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by the fiduciary.(b) A fiduciary may purchase insurance to cover liability under this section from and for his or her own account.(c) An employer or an employee organization may purchase insurance to cover potential liability of one or more persons who serve in a fiduciary capacity with regard to an employee benefit plan.(Added by Stats. 1984, Ch. 1503, Sec. 4.)
CA Govt Code § 7512 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7512.

7512.  Each state and local public pension or retirement system shall, on and after the 90th day following the completion of the annual audit of the system, mail or otherwise provide to any member who makes a request therefor and pays, if required, a fee, a concise annual report on the investments and earnings of the system and other related matters. The report shall be published in a low-cost format.Each local public pension or retirement system may impose a fee for each copy of the report in an amount sufficient to pay all costs incurred in the preparation and dissemination of the report.(Amended by Stats. 1991, Ch. 281, Sec. 1.)
CA Govt Code § 7513 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.

7513.  (a) In the case of a state or local retirement system or plan that is subject to Section 401(a)(31) of the Internal Revenue Code, if, under the terms of the system or plan, a person becomes entitled to a distribution that constitutes an “eligible rollover distribution” within the meaning of Section 401(a)(31)(C) of the Internal Revenue Code, the person may elect, under terms and conditions to be established by the administrator of the system or plan, to have the distribution or a portion thereof paid directly to a plan that constitutes an “eligible retirement plan” within the meaning of Section 401(a)(31)(D) of the Internal Revenue Code, as specified by the person. Upon the exercise of the election by a person with respect to a distribution or portion thereof, the distribution by the system or plan of the amount so designated, once distributable under the terms of the system or plan, shall be made in the form of a direct rollover to the eligible retirement plan so specified.(b) The purpose and intent of this section is to enable the state and local retirement systems and plans that are subject to Section 401(a)(31) of the Internal Revenue Code of 1986, as amended, to comply with the requirements of that section regarding the provision of an election for direct rollover of certain plan distributions.(Added by Stats. 1992, Ch. 1047, Sec. 1. Effective January 1, 1993.)
CA Govt Code § 7513.72 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.72.

7513.72.  (a) As used in this section:(1) “Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement Board of the State Teachers’ Retirement System, as applicable.(2) “Company” means a sole proprietorship, organization, association, corporation, partnership, venture, or other entity, or its subsidiary or affiliate, that exists for profitmaking purposes or to otherwise secure economic advantage.(3) “Dakota Access Pipeline” means the oil pipeline connecting the Bakken oil fields in northwest North Dakota to Illinois, traveling through South Dakota and Iowa, that runs north and upstream of the Standing Rock Sioux Reservation.(4) “Investment” means the purchase, ownership, or control of publicly issued stock, corporate bonds, or other debt instruments issued by a company.(5) “Public employee retirement funds” means the Public Employees’ Retirement Fund described in Section 20062 of this code and the Teachers’ Retirement Fund described in Section 22167 of the Education Code. (b) On or before April 1, 2018, the board shall file a report with the Legislature, in compliance with Section 9795, and the Governor that shall include the following:(1) A list of investments the board has in companies constructing, or funding the construction of, the Dakota Access Pipeline.(2) A list of companies identified pursuant to paragraph (1) with which the board has constructively engaged, including:(A) A detailed description of the board and its staff’s engagement activities with each company, including, but not limited to, the number of engagement interactions with each company.(B) A detailed description of the results of the engagement, including, but not limited to, agreements reached between the board and the company.(C) An evaluation as to the efficacy of the engagement, including, but not limited to, whether the engagement resulted in a change of action by the investing firm or company with which funds were invested.(c) It is the intent of the Legislature that on or before April 1, 2018, the board review and consider factors related to tribal sovereignty and indigenous tribal rights as part of the board’s investment policies related to environmental, social, and governance issues.(d) Nothing in this section shall require a board to take action as described in this section unless the board determines in good faith that the action described in this section is consistent with the fiduciary responsibilities of the board described in Section 17 of Article XVI of the California Constitution.(Added by Stats. 2017, Ch. 575, Sec. 2. (AB 20) Effective January 1, 2018.)
CA Govt Code § 7513.85 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.85.

7513.85.  (a) The board shall develop and implement, on or before June 30, 2010, a policy requiring the disclosure of payments to placement agents in connection with system investments in or through external managers. The policy shall include, but not be limited to, the following requirements:(1) Disclosure of the existence of relationships between external managers and placement agents.(2) A resume for each officer, partner, or principal of the placement agent detailing the person’s education, professional designations, regulatory licenses, and investment and work experience.(3) A description of any and all compensation of any kind provided, or agreed to be provided, to a placement agent.(4) A description of the services to be performed by the placement agent.(5) A statement whether the placement agent, or any of its affiliates, are registered with the Securities and Exchange Commission or the Financial Industry Regulatory Association, or any similar regulatory agent in a country other than the United States, and the details of that registration or explanation as to why no registration is required.(6) A statement whether the placement agent, or any of its affiliates, is registered as a lobbyist with any state or national government.(b) Any external manager or placement agent that violates the policy shall not solicit new investments from the system for five years after the violation was committed. However, this prohibition may be reduced by a majority vote of the board at a public session upon a showing of good cause.(c) The system shall not enter into any agreement with an external manager that does not agree in writing to comply with the policy.(d) Nothing in this section shall require the board to take action as described in this section unless the board determines, in good faith, that the action described in this section is consistent with the fiduciary responsibilities of the board as described in Section 17 of Article XVI of the California Constitution.(Added by Stats. 2009, Ch. 301, Sec. 4. (AB 1584) Effective October 11, 2009.)
CA Govt Code § 7513.86 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.86.

7513.86.  Except as provided in subdivisions (b) and (c) of Section 82047.3, a person shall not act as a placement agent in connection with any potential system investment made by a state public retirement system unless that person is registered as a lobbyist in accordance with Chapter 6 (commencing with Section 86100) of Title 9 and is in full compliance with the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)) as that act applies to lobbyists.(Added by Stats. 2010, Ch. 668, Sec. 2. (AB 1743) Effective January 1, 2011.)
CA Govt Code § 7513.87 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.87.

7513.87.  (a) A person acting as a placement agent in connection with any potential system investment made by a local public retirement system shall file any applicable reports with a local government agency that requires lobbyists to register and file reports and shall comply with any applicable requirements imposed by a local government agency pursuant to Section 81013.(b) This section does not apply to either of the following:(1) An individual who is an employee, officer, director, equityholder, partner, member, or trustee of an external manager who spends one-third or more of his or her time, during a calendar year, managing the securities or assets owned, controlled, invested, or held by the external manager.(2) An employee, officer, or director of an external manager, or of an affiliate of an external manager, if all of the following apply:(A) The external manager is registered as an investment adviser or a broker-dealer with the Securities and Exchange Commission or, if exempt from or not subject to registration with the Securities and Exchange Commission, any appropriate state securities regulator.(B) The external manager is participating in a competitive bidding process, such as a request for proposals, or has been selected through that process and is providing services pursuant to a contract executed as a result of that competitive bidding process.(C) The external manager, if selected through a competitive bidding process described in subparagraph (B), has agreed to a fiduciary standard of care, as defined by the standards of conduct applicable to the retirement board of a public pension or retirement system and set forth in Section 17 of Article XVI of the California Constitution, when managing a portfolio of assets of a public retirement system in California.(Amended by Stats. 2011, Ch. 704, Sec. 2. (SB 398) Effective October 9, 2011.)
CA Govt Code § 7513.9 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.9.

7513.9.  (a) Any placement agent, prior to acting as a placement agent in connection with any potential system investment, shall disclose to the board all campaign contributions made by the placement agent to any elected member of the board during the prior 24-month period. Additionally, any subsequent campaign contribution made by the placement agent to an elected member of the board during the time the placement agent is receiving compensation in connection with a system investment shall also be disclosed.(b) Any placement agent, prior to acting as a placement agent in connection with any potential system investment, shall disclose to the board all gifts, as defined in Section 82028, given by the placement agent to any member of the board during the prior 24-month period. Additionally, any subsequent gift given by the placement agent to any member of the board during the time the placement agent is receiving compensation in connection with a system investment shall also be disclosed.(Added by Stats. 2009, Ch. 301, Sec. 5. (AB 1584) Effective October 11, 2009.)
CA Govt Code § 7513.95 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 7 - MISCELLANEOUS|CHAPTER 21 - Public Pension and Retirement Plans|ARTICLE 1 - General Provisions|Section 7513.95.

7513.95.  A member or employee of the board shall not, directly or indirectly, by himself or herself, or as an agent, partner, or employee of a person or entity other than the board, sell or provide any investment product that would be considered an asset of the fund to any public retirement system in California.(Added by Stats. 2009, Ch. 301, Sec. 6. (AB 1584) Effective October 11, 2009.)