California Government Code

§ 7513.87

GOV § 7513.87 Effective Oct 9, 2011Div. 7 · Title 1 · Ch. 21 · Art. 1

Statute text

(a)A person acting as a placement agent in connection with any potential system investment made by a local public retirement system shall file any applicable reports with a local government agency that requires lobbyists to register and file reports and shall comply with any applicable requirements imposed by a local government agency pursuant to Section 81013.

(b)This section does not apply to either of the following:

(1)An individual who is an employee, officer, director, equityholder, partner, member, or trustee of an external manager who spends one-third or more of his or her time, during a calendar year, managing the securities or assets owned, controlled, invested, or held by the external manager.

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Legislative history

Amended by Stats. 2011, Ch. 704, Sec. 2. (SB 398) Effective October 9, 2011.