California Government Code

§ 7510.5

GOV § 7510.5 Effective Jan 1, 2019Div. 7 · Title 1 · Ch. 21 · Art. 1

Statute text

(a)For purposes of this section, the following definitions apply:

(1)“Board” means the Board of Administration of the Public Employees’ Retirement System or the Teachers’ Retirement Board.

(2)“Climate-related financial risk” means risk that may include material financial risk posed to the fund by the effects of the changing climate, such as intense storms, rising sea levels, higher global temperatures, economic damages from carbon emissions, and other financial and transition risks due to public policies to address climate change, shifting consumer attitudes, changing economics of traditional carbon-intense industries.

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Legislative history

Added by Stats. 2018, Ch. 731, Sec. 2. (SB 964) Effective January 1, 2019. Repealed as of January 31, 2035, by its own provisions.