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G. Negotiable certificates of deposit issued by a nationally or state -chartered bank, <br />a savings association or a federal association (as defined by Section 5902 of <br />the Financial Code), a state or federal credit union or by a state -licensed branch <br />of a foreign bank. However, the City shall not invest in negotiable certificates of <br />deposit issued by a state or federal credit union if a member of the City Council <br />or any City personnel with investment decision making authority also serves on <br />the board of directors, or any committee appointed by the board of directors, or <br />the credit committee or the supervisory committee of the state or federal credit <br />union issuing the negotiable certificates of deposit. The City's investment in <br />negotiable certificates of deposit may not exceed thirty percent (30%) of the cost <br />value of the investment portfolio. The amount so invested shall be subject to <br />the limitations of Government Code Section 53638 which generally provides <br />that the deposit shall not exceed the shareholders equity of any depository <br />bank, or the total net worth of any depository savings association or federal <br />association, or the total of the unimpaired capital and surplus of an insured <br />industrial loan company. Purchases of this category shall not exceed five years <br />to maturity. <br />H. Local Agency Investment Fund - State Pool. The City may invest in the Local <br />Agency Investment Fund (LAIF) established by the State Treasurer under <br />California Government Code Section 16429.1 for the benefit of local agencies. <br />LAIF provides daily liquidity; therefore, there is no final stated maturity for this <br />investment category. Although there is no percentage limitation on this fund, <br />the "prudent investor" rule shall apply for a single agency name. In keeping with <br />LAIF deposit limit investments, City LAIF investments shall not exceed $65 <br />million, unless a greater deposit limit for regular accounts is authorized by the <br />State Treasurer during the term of this Statement of Investment Policy, in which <br />case City LAIF investments may increase up to that limit. <br />City of Santa Ana Bonds. The City may invest in bonds issued by the City or <br />agency of the City including bonds payable solely out of the revenues from a <br />revenue-producing property owned, controlled, or operated by the City or <br />agency of the City. The City shall at all times adhere to restrictions and <br />limitations of the bond indenture. Purchases of this category shall not exceed <br />five years to maturity. There is no percentage limit in this category. <br />J. Other State of California Local Agency Bonds. The City may invest in other <br />State of California Local Agency Bonds. notes, warrants or other evidence of <br />indebtedness of any local agency within this state, including bonds payable <br />solely out of the revenues from a revenue-producing property owned, controlled, <br />or operated by the local agency, or by a department, board, agency, or authority <br />of the local agency. Purchases of this category shall not exceed five years to <br />maturity. There is no percentage limit in this category. <br />City of Santa - Annual July 1, 2018 - <br />Statement of Investment Policy 5' bll 7 June 30, 2019 <br />