70.747. Board may invest in real estate — limitations. — Notwithstanding any other provision of law to the contrary, the board shall have full power to invest and reinvest the funds and moneys of the system in improved real estate, including collective real estate funds and real estate investment trusts, wherever situated; provided, however, that not more than one-tenth of the funds and moneys of the system at the time of such investment shall be so invested.
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(L. 1984 H.B. 874)
---- end of effective 28 Aug 1984 ----
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