Retirement board - Prohibited financial transactions.
San José Municipal Code § 3.28.130
in effect3.28.130 - Retirement board - Prohibited financial transactions.
A board member or employee of the board shall not, directly or indirectly:
A. Have any interest in the making of any investment, or in the gains or profits accruing therefrom;
B. For himself, or as an agent or partner of others, borrow any funds or deposits of this system, nor use such funds or deposits in any manner except to make such current and necessary payments as are authorized by the board;
C. Become an endorser, surety or obligor on investments by the board.
(Prior code § 2904.1065.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.281975FEEMREPL_PT2AD_3.28.130REBOROFITRFetched: 11/1/2026