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FIGURE 1 <br />ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT CODE <br />(AS OF JANUARY 1, 2019)A APPLICABLE TO ALL LOCAL AGENCIESB <br />See "Table of Notes for Figure 1" on the next page for footnotes related to this figure. <br />INVESTMENT <br />r <br />0 <br />• <br />•r <br />TYPE <br />a <br />Local Agency Bonds <br />5 years <br />None <br />None <br />53601(a) <br />U.S. Treasury Obligations <br />5 years <br />None <br />None <br />53601(b) <br />State Obligations: CA and <br />5 years <br />None <br />None <br />53601(d) <br />Others <br />CA Local Agency Obligations <br />5 years <br />None <br />None <br />53601(e) <br />U.S. Agency Obligations <br />5 years <br />None <br />None <br />53601(f) <br />Bankers' Acceptances <br />180 days <br />40%° <br />None <br />53601(g) <br />25% of the <br />Highest letter and <br />Commercial Paper: Non -pooled Fundsr <br />270 days or less <br />agency's moneys <br />number <br />53601(h)(2)(C) <br />rating by an NRSRO" <br />Commercial Paper: Pooled <br />270 days or less <br />40% of the <br />Highest letter and <br />number <br />53635(a)(1) <br />Funds' <br />agency's moneys <br />rating by an NRSRO" <br />Negotiable Certificates of Deposit <br />5 years <br />30%1 <br />None <br />53601(l) <br />Non-negotiable Certificates of <br />5 years <br />None <br />None <br />53630 et seq. <br />Deposit <br />Placement Service Deposits <br />5 years <br />30%K <br />None <br />53601.8 and <br />53635.8 <br />Placement Service Certificates of Deposit <br />5 years <br />30%K <br />None <br />53601.8 and <br />53635.8 <br />Repurchase Agreements <br />1 year <br />None <br />None <br />536010) <br />Reverse Repurchase Agreements and <br />92 daysL <br />20% of the base <br />None" <br />536010) <br />Securities Lending Agreements <br />value of the portfolio <br />"A" rating category or <br />Medium -tens Notes" <br />5 years or less <br />30% <br />its equivalent or <br />53601(k) <br />better <br />Mutual Funds and Money Market Mutual <br />N/A <br />20%0 <br />Multiple°,Q <br />53601(I) and <br />Funds <br />53601.6(b) <br />Collateralized Bank Deposits n <br />5 years <br />None <br />None <br />53630 et seq. and <br />53601(n) <br />Mortgage Pass —through and Asset <br />5 years or less <br />° <br />20 /o <br />"AA" rating category <br />cr its equivalent or <br />53601(o) <br />Backed Securities <br />better <br />County Pooled Investment <br />N/A <br />None <br />None <br />27133 <br />Funds <br />Joint Powers Authority Pool <br />N/A <br />None <br />Multiples <br />53601(p) <br />Local Agency Investment Fund (LAIF) <br />N/A <br />None <br />None <br />16429.1 <br />Voluntary Investment Program Fund <br />N/A <br />None <br />None <br />16340 <br />"AA" rating category <br />Supranational Obligations" <br />5 years or less <br />30% <br />or its equivalent or <br />53601(q) <br />better <br />LOCAL AGENCY INVESTMENT GUIDELINES <br />55B-45 <br />