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2017 California Code
Government Code - GOV
TITLE 21 - THE CALIFORNIA SECURE CHOICE RETIREMENT SAVINGS TRUST ACT
Section 100050.
Universal Citation:
CA Govt Code § 100050 (2017)
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100050.
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.
(Added by Stats. 2016, Ch. 804, Sec. 19. (SB 1234) Effective January 1, 2017.)
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