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(2)Inthe case ofanyotherlocalagency,thetreasurerorchieffiscalofficerofthelocalagencymayannually <br />rendertothelegislativebodyofthatlocalagencyandanyoversightcommitteeofthatlocalagency a <br />statementofinvestmentpolicy,whichthelegislativebodyofthelocalagencyshallconsiderat a public <br />meeting.Anychangeinthepolicyshallalsobeconsideredbythelegislativebodyofthelocalagencyat a <br />publicmeeting. <br />(b)(1)Thetreasurerorchief fiscal officermayrender a quarterlyreporttothechiefexecutiveofficer,the <br />internalauditor,andthelegislativebodyofthelocalagency.Thequarterlyreportshallbe so submitted <br />within30daysfollowingtheendofthequartercoveredbythereport. Except asprovidedinsubdivisions(e) <br />and(f),thisreportshallincludethetypeofinvestment, issuer, dateofmaturity,paranddollaramount <br />investedonall securities, investmentsandmoneysheldbythe localagency,andshalladditionallyinclude a <br />descriptionofanyofthelocalagency’sfunds,investments,orprograms,thatareunderthemanagementof <br />contractedparties,includinglendingprograms.Withrespecttoall securities heldbythelocalagency, and <br />undermanagementofanyoutsidepartythatisnotalso a localagencyortheStateofCaliforniaLocal <br />AgencyInvestmentFund,thereportshallalsoinclude a currentmarketvalueasofthedateofthereport, <br />andshallincludethe source ofthissame valuation. <br />(2)Thequarterlyreportshallstatecomplianceoftheportfoliotothestatementofinvestmentpolicy,or <br />mannerinwhichtheportfolioisnotincompliance. <br />(3)Thequarterlyreportshallinclude a statementdenotingtheabilityofthelocalagencytomeetitspool’s <br />expenditurerequirementsforthenext six months,orprovideanexplanationastowhysufficientmoney <br />shall,ormay,notbeavailable. <br />(4)Inthequarterlyreport, a subsidiaryledgerofinvestmentsmaybeusedin accordance with accepted <br />accounting practices. <br />(c)Pursuanttosubdivision(b),thetreasurerorchief fiscal officershallreportwhateveradditionalinformation <br />ordatamayberequiredbythelegislativebodyofthelocalagency. <br />(d)Thelegislativebodyof a localagencymayelecttorequirethereportspecifiedinsubdivision(b)tobe <br />madeon a monthlybasisinsteadofquarterly. <br />(e)ForlocalagencyinvestmentsthathavebeenplacedintheLocalAgencyInvestmentFund,createdby <br />Section16429.1,inNationalCreditUnionShareInsuranceFund-insuredaccountsin a creditunion,in <br />accountsinsuredorguaranteedpursuanttoSection14858oftheFinancialCode,orinFederalDeposit <br />InsuranceCorporation-insuredaccountsin a bankorsavingsandloanassociation,in a countyinvestment <br />pool,oranycombinationofthese,thetreasurerorchieffiscalofficermaysupplytothegoverningbody,chief <br />executiveofficer,andtheauditorofthelocalagencythe most recentstatementorstatementsreceivedby <br />thelocalagency fromtheseinstitutionsinlieuoftheinformationrequiredbyparagraph(1)ofsubdivision(b) <br />regardinginvestmentsintheseinstitutions. <br />(f)Thetreasurerorchief fiscal officershallnotberequiredtorender a quarterlyreport,asrequiredby <br />subdivision(b),to a legislativebodyoranyoversightcommitteeof a school district orcountyofficeof <br />educationfor securities, investments,ormoneysheldbytheschool district orcountyofficeofeducationin <br />individualaccountsthatare less thantwenty-fivethousanddollars($25,000). <br />(g)Inrecognitionofthestateandlocalinterestsservedbytheactionsmadeoptionalinsubdivisions(a)and <br />(b),theLegislatureencouragesthelocalagencyofficialstocontinuetakingtheactionsformerlymandated <br />bythis section. However,nothinginthissubdivisionmaybeconstruedtoimposeanyliabilityon a local <br />agencythatdoesnotcontinuetotaketheformerlymandatedaction. <br />(AmendedbyStats.2009,Ch.332,Sec.68.5.EffectiveJanuary1,2010.) <br />. . . <br />*´«¸ ΐǾ ΑΏΐ9- <br />C¨³¸ ®¥ 3 ­³  ȃ !­­´ « <br />0 ¦¤ 36 <br />3³ ³¤¬¤­³ ®¥ )­µ¤²³¬¤­³ 0®«¨¢¸*´­¤ ΒΏǾ ΑΏ20 <br /> <br />