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Board adopts penalties & interest rule updates and approves consent agenda
Summary
The CalSTRS Board adopted updates to penalties and interest regulations after a 15‑day comment period with no comments and approved the consent agenda by roll call votes on Sept. 24.
The CalSTRS Board voted on two procedural items at its Sept. 24 meeting.
The board adopted updates to the penalties and interest regulations that were posted for a 15‑day public comment period with no comments; staff will submit the adopted language to the Office of Administrative Law for review. The motion to adopt was moved, seconded and approved by roll call.
The board also moved, seconded and approved the consent agenda (which included referred committee motions from Audits & Risk Management and Board Governance) by roll call. Votes were recorded as ayes by the listed members and the motions passed.
These votes were procedural approvals and do not change the substance of any discussed policy beyond the adopted regulatory language for penalties and interest that had been previously posted for comment.
