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Effective Jan 1, 1996Added by Stats. 1995, Ch. 379, Sec. 2. Effective January 1, 1996.
- (a) The Legislature finds and declares that changing economic conditions and increasing complexity in the investment market make it necessary and desirable that this system obtain the best possible investment expertise.
- (b) It is the intent of the Legislature that the board secure investment advisers with the composite expertise necessary for the investment of the retirement fund portfolio.