California Code of Regulations › Title 5 - Education › Division 3 - Teachers' Retirement System › Chapter 1 - Teachers' Retirement System › Article 14 - Investment Relationships and Campaign Contributions › Section 24010 - Prohibitions on Campaign Contributions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  No party engaging or seeking to engage in an Investment Relationship with CalSTRS
				  may make any campaign contributions, as defined in The Political Reform Act (Gov.
				  Code, §
										81000
et seq
.), valued in excess of $1,000, individually, or $5000 in the
				  aggregate from the party engaged in the Investment Relationship and the individuals
				  identified in subdivision (d) collectively, in any twelve month period beginning on
				  the dates identified in subdivision (e), to any person designated in subdivision (c)
				  below.
(b) For purposes of this Article
				  14, "Investment Relationship" means a relationship between a non-governmental party
				  and CalSTRS for the purpose of providing investment services such as money
				  management or fund management services, investment advice or consulting (including
				  making recommendations for the placement or allocation of investment funds), and
				  investment support services (including market research, fund accounting, custodial
				  services, and fiduciary advice) for investments placed in the Teachers' Retirement
				  Fund.
(c) This prohibition applies to
				  campaign contributions made to or on behalf of CalSTRS officers and employees, any
				  existing Teachers' Retirement Board member, the Governor, Controller, Treasurer, and
				  Superintendent of Public Instruction, candidates for Teachers' Retirement Board
				  member, and candidates for the offices of Governor, Controller, Treasurer, and
				  Superintendent of Public Instruction.
(d) This prohibition applies to those parties
				  currently engaging in or seeking to engage in an Investment Relationship with
				  CalSTRS which is expected to generate at least $100,000 annually in income, fees, or
				  other revenue to the party, and specifically includes:
(1) Those individuals employed by or associated
				  with the parties described in this Section
				  24010(b), above, who
				  are required to file a Form 700 Statement of Economic Interest pursuant to
				  Government Code Section
				  81000
et seq
., the Fair Political Practices Commission Regulations
				  contained in Title 2, Division 6, California Code of Regulations Section
				  18109
et seq
., and the
				  Teachers' Retirement System Regulations contained in Title 5, Division 3, California
				  Code of Regulations Section
				  22000,
et seq
.;
				  or
(2) "Authorized Personnel/Key
				  Personnel" as defined and identified by the contracting party in the "Authorized
				  Personnel/Key Personnel exhibit" incorporated in or attached to the contract between
				  the contracting party entering into the Investment Relationship and CalSTRS;
				  or
(3) Those individuals who expect to
				  and/or do experience a material financial effect on their economic interests
				  including salary, bonuses, options, or other financial incentives directly deriving
				  from an Investment Relationship with CalSTRS.
This prohibition also applies to contributions from any other
					 entities or individuals made at the direction of such parties identified above in
					 this subdivision (d).