Page 110 - 2026 Lozano Smith Brown Act Handbook

(ii) Members of the legislative body of the local agency present in a closed session of that local
agency member.

(2) If the Clean Power Alliance of Southern California, or its successor entity, adopts a policy or
bylaw or includes in its joint powers agreement a provision authorized pursuant to paragraph (1),
the Clean Power Alliance of Southern California, or its successor entity, shall establish policies
to prevent conflicts of interest and to address breaches of confidentiality that apply to a
designated alternate member who is not a member of the legislative body of a local agency
member who attends a closed session of the Clean Power Alliance of Southern California, or its
successor entity.

(c) If the legislative body of a joint powers agency adopts a policy or a bylaw or includes
provisions in its joint powers agreement pursuant to subdivision (a) or (b), then the legislative
body of the local agency member, upon the advice of its legal counsel, may conduct a closed
session in order to receive, discuss, and take action concerning information obtained in a closed
session of the joint powers agency pursuant to paragraph (1) of subdivision (a) or paragraph (1)
of subdivision (b).

(d) This section shall remain in effect only until January 1, 2030, and as of that date is repealed.

54956.97. Public bank; governing board or committee of governing board; closed
session

Notwithstanding any provision of law, the governing board, or a committee of the governing
board, of a public bank, as defined in Section 57600 of the Government Code, may meet in
closed session to consider and take action on matters pertaining to all of the following:

(a) A loan or investment decision.

(b) A decision of the internal audit committee, the compliance committee, or the governance
committee.

(c) A meeting with a state or federal regulator.

54956.98. Public bank; policy or bylaw; information from a closed session considered
confidential

(a) For purposes of this section, the following definitions shall apply:

(1) “Shareholder, member, or owner local agency” or “shareholder, member, or owner” means a
local agency that is a shareholder of a public bank.

(2) “Public bank” has the same meaning as defined in Section 57600.

(b) The governing board of a public bank may adopt a policy or a bylaw or include in its
governing documents provisions that authorize any of the following:

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