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2018-059 - Approving the City's Statement of Investment Policy
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2018-059 - Approving the City's Statement of Investment Policy
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1/30/2019 8:48:38 AM
Creation date
7/20/2018 3:36:29 PM
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City Clerk
Doc Type
Resolution
Doc #
2018-059
Date
7/17/2018
Destruction Year
P
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GOVERNMENT CODE - GOV <br />TITLE 5. LOCAL AGENCIES [50001 - 575501 <br />( Title 5 added by Stats. 1949, Ch. 81. ) <br />DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES 153000 - 558211 <br />( Division 2 added by Stats. 1949, Ch. 81. ) <br />PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES <br />[53000 - 54999.71 <br />( Part 1 added by Stats. 1949, Ch. 81. ) <br />CHAPTER 4. Financial Affairs [53600 - 53997] <br />( Chapter 4 added by Stats. 1949, Ch. 81. ) <br />ARTICLE 2. Deposit of Funds [53630 - 53686] <br />( Article 2 added by Stats. 1949, Ch. 81. ) <br />GOVERNMENT CODE <br />SECTION <br />53630. <br />As used in this article: <br />(a) "Local agency' means county, city, city and county, including a chartered city or county, a community <br />college district, or other public agency or corporation in this state. <br />(b) "Treasurer' means treasurer of the local agency. <br />(c) "Depository' means a state or national bank, savings association or federal association, a state or federal <br />credit union, or a federally insured industrial loan company, in this state in which the moneys of a local <br />agency are deposited. <br />(d) "Agent of depository" means a trust company or trust department of a state or national bank located in <br />this state, including the trust department of a depository where authorized, and the Federal Home Loan <br />Bank of San Francisco, which is authorized to act as an agent of depository for the purposes of this article <br />pursuant to Section 53657. <br />(e) "Security" means any of the eligible securities or obligations listed in Section 53651. <br />(f) "Pooled securities' means eligible securities held by an agent of depository for a depository and securing <br />deposits of one or more local agencies. <br />(g) "Administrator' means the Administrator of Local Agency Security of the State of California. <br />(h) "Savings association or federal association" means a savings association, savings and loan association, <br />or savings bank as defined by Section 5102 of the Financial Code. <br />(i) "Federally insured industrial loan company" means an industrial loan company licensed under Division 7 . <br />(commencing with Section 18000) of the Financial Code, the investment certificates of which are insured by <br />the Federal Deposit Insurance Corporation. <br />(]) "Corporation" includes a limited liability company. <br />(Amended by Stats. 2004, Ch. 118, Sec. 19.7. Effective January 1, 2005.) <br />City of Santa - Annual 27 <br />P July 1, 2018 - <br />Statement of Investment Policy � 7 June 30, 2019 <br />
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