§ 51307
54 words·~1 min read·
/ca/government-code/51307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.