2005 California Government Code Sections 22970.40-22970.44 CHAPTER 4. THE FUND

22970.40.  The Supplemental Contributions Program Fund is hereby
established as a special trust fund in the State Treasury to accept
participant contributions to the plan.
22970.41.  The board shall have control of the investment of the
assets of the fund.
22970.42.  Notwithstanding any other provision of law, the board may
retain a bank or trust company to serve as a custodian for
safekeeping, recordkeeping, delivery, securities valuation,
investment performance reporting, or other services in connection
with investment and administration of the fund.
22970.43.  Notwithstanding Section 13340, all moneys in the fund are
continuously appropriated, without regard to fiscal years or plan
years, to the board to carry out the purposes of this part.
22970.44.  The assets of the fund shall be valued annually, and may
be valued more frequently as prescribed by the board.