California Government Code

§ 51307

GOV § 51307Div. 1 · Title 5 · Part 2 · Ch. 1 · Art. 1

Statute text

The board of supervisors shall hold separately in trust pension money or property taken over by it from the city under the contract and all earnings, increases, and additions to such funds. The money or property shall be expended solely for the payment of the city’s portion of such pensions and incidental administrative expenses.

Legislative history

Added by Stats. 1949, Ch. 81.