SECTIONS 16640-16642 - California Statutes

GOVERNMENT CODE

SECTION 16640-16642

16640. Present and former members of the governing board of any
trust fund, jointly and individually, state officers and employees,
and investment managers under contract with the state shall be
indemnified from the General Fund by the State of California from all
claims, demands, suits, actions, damages, judgments, costs, charges,
and expenses, including court costs and attorney's fees, and against
all liability, losses, and damages of any nature whatsoever that
these present or former board members, officers, employees, or
contract investment managers shall or may at any time have sustained
by reason of any decision not to invest in business firms with
business operations in South Africa or business arrangements with the
government of South Africa, or any decision not to invest in
financial institutions extending credit to the government of South
Africa or South African corporations, pursuant to former Chapter 5
(commencing with Section 16640) of this part as it read prior to its
repeal by the act adding this section.

16641. Present and former Regents of the University of California,
jointly and individually, officers and employees of the University of
California, and investment managers under contract with the
University of California shall be indemnified from the General Fund
by the State of California from all claims, demands, suits, actions,
damages, judgments, costs, charges, and expenses, including court
costs and attorney's fees, and against all liability, losses, and
damages of any nature whatsoever that these present or former
regents, officers, employees, or contract investment managers shall
or may at any time sustain by reason of any decision not to invest in
business firms with business operations in South Africa or business
arrangements with the government of South Africa, or any decision not
to invest in financial institutions extending credit to the
government of South Africa or South African corporations, pursuant to
former Chapter 5 (commencing with Section 16640) of this part as it
read prior to its repeal by the act adding this section.

16641.5. The Public Employees' Retirement System, as a public
entity, and the present, future, and former board members of the
Public Employees' Retirement System, jointly and individually, and
state officers and employees, shall be indemnified from the General
Fund and held harmless by the State of California from all claims,
demands, suits, actions, damages, judgments, costs, charges, and
expenses, including, but not limited to, court costs and attorney's
fees, and against all liability, losses, and damages of any nature
whatsoever that these present, future, or former board members,
officers, and employees shall or may at any time sustain as a result
of the transfer of the Volunteer Firefighters Length of Service Award
System as described in Chapter 4.5 (commencing with Section 50950).

16642. Present, future, and former board members of the Public
Employees' Retirement System or the State Teachers' Retirement
System, jointly and individually, state officers and employees,
research firms described in subdivision (d) of Section 7513.6, and
investment managers under contract with the Public Employees'
Retirement System or the State Teachers' Retirement System shall be
indemnified from the General Fund and held harmless by the State of
California from all claims, demands, suits, actions, damages,
judgments, costs, charges and expenses, including court costs and
attorney's fees, and against all liability, losses, and damages of
any nature whatsoever that these present, future, or former board
members, officers, employees, research firms as described in
subdivision (d) of Section 7513.6, or contract investment managers
shall or may at any time sustain by reason of any decision to
restrict, reduce, or eliminate investments pursuant to Sections
7513.6 and 7513.7.