Opinion No. (1999)

BILL LOCKYER Attorney General ANTHONY S. Da VIGO Deputy Attorney General THE HONORABLE RICHARD E. FLOYD, MEMBER OF THE CALIFORNIA ASSEMBLY, has requested an opinion on the following questions: 1. Does an incompatible activities statement adopted by the Board of Administration of the Public Employees' Retirement System pursuant to Government Code section 19990 apply to the members of the Board of Administration? 2. May a person who has declared bankruptcy serve on the Board of Administration of the Public Employees' Retirement System? CONCLUSIONS 1. An incompatible activities statement adopted by the Board of Administration of the Public Employees' Retirement System pursuant to Government Code section 19990 does not apply to the members of the Board of Administration. 2. A person who has declared bankruptcy may serve on the Board of Administration of the Public Employees' Retirement System. ANALYSIS 1. Incompatible Activities Statement The first inquiry is whether an incompatible activities statement adopted by the Board of Administration ("Board") of the Public Employees' Retirement System ("PERS") pursuant to Government Code section 19990 1 applies to the members of the Board…