In counties having a board of investments pursuant to Section 31520.2, no investment shall be made in real property unless it is approved by six votes of the board or, where a county board of supervisors or a county board of education has a material interest in the property unless it is approved by nine votes of the board.
(Amended by Stats. 1984, Ch. 1738, Sec. 19. Effective September 30, 1984.)