reglab/housing_qa huggingface dataset:
CA Govt Code § 45308.4 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45308.4.

45308.4.  Notwithstanding Section 45308.1, funds received by city retirement systems and not required for current disbursements may be invested in any of the following:(a) First liens on real property if the loan is fully guaranteed or insured or covered by a commitment to guarantee or insure by the Federal Housing Commissioner.(b) First liens on real property if the loan is fully guaranteed by the United States or any agency thereof pursuant to the “Servicemen’s Readjustment Act of 1944” or any act of Congress supplementary or amendatory thereof.(Added by Stats. 1967, Ch. 1359.)
CA Govt Code § 45308.5 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45308.5.

45308.5.  Notwithstanding Section 45308.1, in addition to any other investments as are authorized by this article, city retirement systems may in their discretion under the advice of proper counsel invest the assets of the retirement fund in an amount, determined on the basis of cost, not to exceed 10 percent of the assets in the first two years after the effective date of this section, not to exceed 15 percent during the third year after the effective date of this section, and not to exceed 25 percent thereafter, in common stock or shares, and not to exceed 2 percent of the assets in the first year after the effective date of this section, not to exceed 3 percent during the second year after the effective date of this section, and not to exceed 5 percent thereafter, in preferred stock or shares, of corporations created or existing under the laws of the United States, or any state, district, or territory thereof; provided that(a) The stock is registered on a national securities exchange, as provided in the “Securities Exchange Act of 1934” as amended, or is listed on the National Market System of the NASDAQ Stock Market. The registration shall not be required with respect to the following stocks:(1) The common stock of a bank which is a member of the Federal Deposit Insurance Corporation and has capital funds, represented by capital, surplus, and undivided profits, of at least fifty million dollars ($50,000,000);(2) The common stock of an insurance company which has capital funds, represented by capital, special surplus funds, and unassigned surplus, of at least fifty million dollars ($50,000,000);(3) Any preferred stock.(b) The corporation has total assets of at least one hundred million dollars ($100,000,000);(c) Bonds of that corporation, if any are outstanding, qualify for investment of the retirement fund, and that there are no arrears of dividend payments on its preferred stock;(d) The corporation has paid a cash dividend on its common stock in at least 8 of the 10 years next preceding the date of investment, and the aggregate net earnings available for dividends on the common stock of the corporation for the whole of that period have been equal to the amount of the dividends paid, and the corporation has paid an earned cash dividend in each of the last three years;(e) The investment in any one company may not exceed 5 percent of the common shares outstanding; and(f) No single common stock investment, based on cost, may exceed 2 percent of the assets of the fund.(Amended by Stats. 1999, Ch. 470, Sec. 3. Effective January 1, 2000.)
CA Govt Code § 45308.55 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45308.55.

45308.55.  Notwithstanding Section 45308.1 the board may also invest in any stocks or shares of a diversified management investment company registered under the “Investment Company Act of 1940” which has total assets of at least fifty million dollars ($50,000,000); except that the total investment in such stocks and shares, together with stocks and shares of all other corporations, may not exceed 25 percent of the assets of such fund determined on the basis of the cost of the stocks or shares.(Added by Stats. 1968, Ch. 471.)
CA Govt Code § 45308.6 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45308.6.

45308.6.  For purposes of Section 45308.5, city retirement systems shall employ investment counsel or trust companies or trust departments of banks to render service in connection with the city retirement system’s investment program.(Added by Stats. 1967, Ch. 1359.)
CA Govt Code § 45308.7 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45308.7.

45308.7.  The city retirement board, if there is one, or the city treasurer with the approval of the city council, may enter into security loan agreements with broker-dealers and with California or national banks for the purpose of prudently supplementing the income normally received from investments.(b) “Security loan agreement” means a written contract whereby a legal owner, the lender, agrees to lend specific marketable corporate or government securities for a period not to exceed one year. The lender retains the right to collect from the borrower all dividends, interest, premiums, rights, and any other distributions to which the lender would otherwise have been entitled. The lender waives the right to vote the securities during the term of the loan. The lender may terminate the contract upon not more than five business days’ notice as agreed, and the borrower may terminate the contract upon not less than two business days’ notice as agreed. The borrower shall provide collateral to the lender in the form of cash or bonds or other interest-bearing notes and obligations of the United States or federal instrumentalities eligible for investment by a lending retirement fund.Such collateral shall be in an amount equal to at least 102 percent of the market value of the loaned securities as agreed. The lender shall monitor the market value of the loaned securities daily. The loan agreement shall provide for payment of additional collateral on a daily basis, or at such times as the value of the loaned securities increases, to agreed-upon ratios. In no event, shall the amount of the collateral be less than the market value of the loaned securities.(c) “Marketable securities” means securities that are freely traded on recognized exchanges or marketplaces.(d) Each board or city treasurer entering into security loan agreements shall do all of the following:(1) Maintain detailed records of all security loans.(2) Develop controls and reports to monitor the conduct of the transactions. (3) Publicize the net results of the security loan transaction separate from the results of other investment activities.(Added by Stats. 1982, Ch. 508, Sec. 1.)
CA Govt Code § 45309 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45309.

45309.  Among other matters, the ordinance establishing the system shall provide for:(a) The amount of benefits to be paid to any officers or employees, or their beneficiaries, and the terms and conditions upon which the benefits will be paid.(b) The contribution to be paid by the officers or employees to the pension and retirement fund.(c) The contribution to be paid by the city to the pension and retirement fund, which, exclusive of contributions paid on account of service rendered prior to the effective date of the ordinance, shall not exceed the total contribution paid to the pension and retirement fund by the officers and employees.(d) The personnel of the retirement board, which shall consist of not less than five members, at least two of whom shall be elected by the officers and employees who are included in the retirement system.(e) The adoption of regulations for the administration of the system by the retirement board.(f) The refunding to any officer or employee who withdraws from the system, prior to retirement, of the amount of his or her contribution and the interest credited to his or her contribution upon the officer’s or employee’s request following withdrawal from the system.(Amended by Stats. 2002, Ch. 883, Sec. 4. Effective January 1, 2003.)
CA Govt Code § 45309.5 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45309.5.

45309.5.  A member of a pension or retirement system established pursuant to this chapter shall not receive credit for service or contributions for credit for service in violation of the prohibitions provided in Section 34095 or Section 50033.(Added by Stats. 2006, Ch. 355, Sec. 6. Effective January 1, 2007.)
CA Govt Code § 45310 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45310.

45310.  The ordinance may provide that:(a) The amount of the retirement, compensation, or pension may be predicated, in part, upon services rendered the city by an officer or employee prior to the establishment of the system.(b) The contribution of officers and employees included in the system may be collected by deducting the amounts of such contributions from the salary or wages due the officers and employees.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45310.3 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45310.3.

45310.3.  Notwithstanding any other provision of law, a person ceases to be a member for any portion of his or her service as an elected public officer that is forfeited pursuant to Section 1243.(Added by Stats. 2005, Ch. 322, Sec. 4. Effective January 1, 2006.)
CA Govt Code § 45310.5 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45310.5.

45310.5.  The ordinance may provide for a modification of rights and benefits of a member because of membership in a reciprocal system similar to and under the same conditions as those provided under the County Employees’ Retirement Law of 1937 and the Public Employees’ Retirement Law because of membership in two or more retirement systems established by or pursuant to such laws. The ordinance shall be filed with each board administering a reciprocal system and shall become effective upon the adoption of a resolution of such administering board accepting the city system as a reciprocal system. Such modification shall apply only to a member whose termination and entry into employment resulting in a change in membership from the city system to a reciprocal system or from a reciprocal system to the city system occurs after such effective date; provided, however, that provisions relating to computation of final compensation shall apply to any other member if such provision would have applied had the termination and entry into employment occurred after such effective date.A reciprocal system, for purposes of this section, means a retirement system established under the County Employees’ Retirement Law of 1937, the Public Employees’ Retirement System, a retirement system of a city whose retirement ordinance contains the provisions authorized by this section, or a retirement system of a city or city and county established by its charter and providing for modifications of rights and benefits similar to and under the same conditions as those provided for under this section.When a city has established a reciprocal retirement system under this section and has received approval thereof from the Public Employees’ Retirement System, then such system shall be automatically reciprocal with all other state, local and public agencies who are members, or contracting members of the Public Employees’ Retirement System or any retirement system established under the County Employees Retirement Law of 1937.(Amended by Stats. 1973, Ch. 378.)
CA Govt Code § 45310.7 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45310.7.

45310.7.  (a) On and after January 1, 2003, a member who is credited with less than the number of years of service required for vesting shall have the right to elect to leave accumulated contributions on deposit in the retirement fund of the city’s retirement system. Failure to make an election to withdraw accumulated contributions shall be deemed an election to leave accumulated contributions on deposit in the system’s retirement fund.(b) An election to allow accumulated contributions to remain in the system’s retirement fund may be revoked by the member at any time except: (1) while the member is employed in service in a position in which the member is not excluded from membership in the system with respect to that service; (2) while the member is in service as a member of a public retirement system supported, in whole or in part, by state funds; or (3) while the member is in service in a reciprocal retirement system, entered within six months after discontinuing service in the city’s retirement system. All accumulated contributions made up to the time of revocation may then be withdrawn.(c) A member whose membership continues under this section is subject to the same age, service, and disability requirements as apply to other members for service or disability retirement. After the qualification of the member for retirement by reason of age, which shall be the lowest age applicable to any membership category in which the member has credited service, or disability, the member shall be entitled to receive a retirement allowance based upon the amount of the member’s accumulated contributions and service standing to the member’s credit at the time of retirement and on the employer contributions held for the member and calculated in the same manner as for other members.(d) Service, solely for purposes of meeting minimum service qualifications for service or disability retirement, shall also include service credited as an employee of a reciprocal system when the member retires concurrently from all reciprocal retirement systems. A member whose combined service from all reciprocal retirement systems does not meet the minimum service qualifications may not receive a service or disability retirement from this system.(e) For purposes of this section, “accumulated contributions” means the sum of all member contributions standing to the credit of a member’s individual account, and interest thereon.(f) It is the intent of the Legislature in enacting this section to recognize that the state has a compelling interest in ensuring that its public agencies recruit and retain the highest caliber of public employees by allowing local public employees to retain the service credit that they earned through their service as local public employees in order to encourage them to return to public employment and continue to serve the public.(Amended by Stats. 2003, Ch. 62, Sec. 155. Effective January 1, 2004.)
CA Govt Code § 45312 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45312.

45312.  Nothing in this article prohibits the enhancement of the pension and retirement fund by private or voluntary contributions, nor the transfer to the fund of any surplus funds of the city which in the sound discretion of the legislative body may properly be used for such purpose.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45313 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45313.

45313.  The retirement board shall require competent medical proof before retiring any officer or employee for physical disability.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45314 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45314.

45314.  After the retirement of a person for disability, if it appears that the disability has diminished, the board shall reduce the retirement payment to correspond with the degree of disability. The retirement payment shall cease when the disability has fully ceased.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45315 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45315.

45315.  The determination of the retirement board is final and shall not be modified or set aside except for fraud or abuse of discretion.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45316 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45316.

45316.  This article provides an alternative procedure for the establishment of retirement systems in cities.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45317 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 1 - General|Section 45317.

45317.  Any regularly established fire or police protection district may adopt a retirement system for its employees pursuant to this article.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45341 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 2 - Pension and Retirement Systems|Section 45341.

45341.  The legislative body may establish a pension plan and provide retirement and death benefits for city employees in order to effect economy and efficiency in the public service and provide a means by which employees who become superannuated or otherwise incapacitated may, without hardship or prejudice, be replaced by more capable employees.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45342 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 2 - Pension and Retirement Systems|Section 45342.

45342.  Any pension or retirement system adopted shall be on a sound actuarial basis and provide for contributions by both the city and the employee members of the system which shall be based on percentages of pay roll to be changed only by adjustments on account of experience under the system.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45343 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 2 - Pension and Retirement Systems|Section 45343.

45343.  Contributions shall be in amounts which will accumulate at retirement a fund sufficient to carry out the promise to pay benefits to the individual on account of his service as a member of the system, without further contributions from any source.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45344 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 2 - Pension and Retirement Systems|Section 45344.

45344.  Benefits based on service rendered prior to membership in the system shall be met by additional contributions of the employer. Such prior service liability may be funded over a fixed period of years.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 45345 (2021)
2021 California Code|Government Code - GOV|TITLE 4 - GOVERNMENT OF CITIES|DIVISION 5 - EMPLOYEES|CHAPTER 2 - Retirement|ARTICLE 2 - Pension and Retirement Systems|Section 45345.

45345.  As an alternate method of providing a retirement system, the city may contract with the Board of Administration of the State Employees’ Retirement System and enter all or any portion of its employees under such system pursuant to law and under the terms and conditions of such contract.(Added by Stats. 1949, Ch. 79.)
CA Govt Code § 51000 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51000.

51000.  When the location of a boundary line of a local agency, as defined in Section 53510 of the Government Code, is indefinite or uncertain, or the boundary line has been obliterated from any cause, it may be determined, defined, and established pursuant to this chapter.(Amended by Stats. 1968, Ch. 439.)
CA Govt Code § 51001 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51001.

51001.  The legislative body of the local agency having an indefinite, uncertain, or obliterated boundary line may cause a proceeding to be brought in the name of the local agency to have the boundary line determined, defined, and established. The legislative body shall take such action upon the petition of twenty-five or more taxpayers of the local agency.(Added by Stats. 1949, Ch. 81.)
CA Govt Code § 51002 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51002.

51002.  The superior court of the county in which the initiating local agency is located has jurisdiction over the proceeding. In the event that a boundary line of a district having territory in more than one county is indefinite or uncertain, the superior court of either county shall have jurisdiction.(Amended by Stats. 1968, Ch. 439.)
CA Govt Code § 51003 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51003.

51003.  In counties having three or more superior judges, the presiding judge may assign three or more judges to sit at the hearing in the proceeding, whether initiated by the county or a city in the county.(Added by Stats. 1949, Ch. 81.)
CA Govt Code § 51004 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51004.

51004.  The petition for the determination of the boundary line shall be accompanied by documents, maps, or other exhibits as may be essential to a determination of the case.(Added by Stats. 1949, Ch. 81.)
CA Govt Code § 51005 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51005.

51005.  The petitioner shall serve a copy of the petition and exhibits on the local agencies directly interested and immediately adjacent to the boundary line, by delivering the copy personally to the presiding officer of the legislative bodies of the local agencies.(Added by Stats. 1949, Ch. 81.)
CA Govt Code § 51006 (2021)
2021 California Code|Government Code - GOV|TITLE 5 - LOCAL AGENCIES|DIVISION 1 - CITIES AND COUNTIES|PART 1 - POWERS AND DUTIES COMMON TO CITIES AND COUNTIES|CHAPTER 5 - Boundaries|Section 51006.

51006.  A local agency, or any person, corporation, or taxpayer thereof, interested in the determination and establishment of the boundary line, may demur or answer the petition as defendants or intervene in the proceeding. The rules of pleading and practice provided by the Code of Civil Procedure not in conflict with this chapter are applicable to the special proceeding provided for in this chapter.(Added by Stats. 1949, Ch. 81.)