Establishes a trust fund for conveyance of certain public entity assets for the benefit of public benefit plans.

The Citizens Fund Act establishes a trust fund, known as the Citizens Fund, to facilitate the conveyance of certain public entity assets for the benefit of public benefit plans. The fund is governed by a fund board appointed by the Governor, which oversees the fund's operations and ensures the maximization of asset value. The fund can acquire, own, and manage assets, and its assets are maintained in a separate account. The fund aims to lessen government burdens by allowing public entities to transfer assets, share risks and benefits, and maximize asset performance and long-term value.

Establishes a trust fund for conveyance of certain public entity assets for the benefit of public benefit plans.

The Citizens Fund Act establishes a trust fund, known as the Citizens Fund, to facilitate the conveyance of certain public entity assets for the benefit of public benefit plans. The fund is governed by a fund board appointed by the Governor, which oversees the fund's operations and ensures the maximization of asset value. The fund can acquire, own, and manage assets, and its assets are maintained in a separate account. The fund aims to lessen government burdens by allowing public entities to transfer assets, share risks and benefits, and maximize asset performance and long-term value.