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2019-052 - Approving the City's Annual Statement of Investment Policy 2019-20
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2019-052 - Approving the City's Annual Statement of Investment Policy 2019-20
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5/19/2020 4:20:20 PM
Creation date
6/24/2019 8:39:48 AM
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City Clerk
Doc Type
Resolution
Doc #
2019-052
Date
6/18/2019
Destruction Year
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GOVERNMENT CODE - GOV <br />TITLE 5. LOCAL AGENCIES \[50001 - 57550\] <br />( Title 5 added by Stats. 1949, Ch. 81. ) <br />DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES \[53000 - 55821\] <br />( Division 2 added by Stats. 1949, Ch. 81. ) <br />PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES <br />\[53000 - 54999.7\] <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 />GOVERNMENTCODE <br />SECTION <br />53630. <br />Asusedinthisarticle: <br />(a)“Localagency”meanscounty,city, city andcounty,including a charteredcityorcounty, a community <br />collegedistrict,orotherpublicagencyorcorporationinthisstate. <br />(b)“Treasurer”meanstreasurerofthelocalagency. <br />(c)“Depository”means a stateornationalbank,savings association orfederalassociation, a stateorfederal <br />creditunion,or a federallyinsuredindustrialloancompany,inthisstateinwhichthemoneysof a local <br />agencyaredeposited. <br />(d)“Agentofdepository”means a trustcompanyortrustdepartmentof a stateornationalbanklocatedin <br />thisstate,includingthetrustdepartmentof a depositorywhereauthorized,andtheFederalHomeLoan <br />BankofSanFrancisco,whichisauthorizedto act asanagentofdepositoryforthepurposesofthisarticle <br />pursuanttoSection53657. <br />(e)“Security”meansanyoftheeligiblesecuritiesorobligationslistedin Section53651. <br />(f)“Pooledsecurities”meanseligible securities heldbyanagentofdepositoryfor a depositoryandsecuring <br />depositsofoneormorelocalagencies. <br />(g)“Administrator”meanstheAdministratorofLocalAgencySecurityoftheStateofCalifornia. <br />(h)“Savingsassociationorfederalassociation”means a savingsassociation,savingsandloanassociation, <br />orsavingsbankasdefinedbySection5102oftheFinancialCode. <br />(i)“Federallyinsuredindustrialloancompany”meansanindustrialloancompanylicensedunderDivision 7 <br />(commencingwithSection18000)oftheFinancialCode,theinvestmentcertificatesofwhichareinsuredby <br />theFederalDepositInsuranceCorporation. <br />(j)“Corporation”includes a limitedliabilitycompany. <br />(AmendedbyStats.2004,Ch.118,Sec.19.7.EffectiveJanuary1,2005.) <br />. . . <br />*´«¸ ΐǾ ΑΏΐ9- <br />C¨³¸ ®¥ 3 ³ ȃ !´ « <br />0 ¦¤ 28 <br />3³ ³¤¬¤³ ®¥ )µ¤²³¬¤³ 0®«¨¢¸*´¤ ΒΏǾ ΑΏ20 <br /> <br />
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