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FIGURE 1 <br />ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT CODE <br />(AS OF JANUARY 1, 2020)AAPPLICABLE TO ALL LOCAL AGENCIES' <br />See "Table of Notes for Figure 1" on the next page for footnotes related to this figure. <br />MAXIMUM <br />MINIMUM <br />GOV'T <br />INVESTMENT <br />MAXIMUM <br />SPECIFIED <br />QUALITY <br />O1 <br />REQUIREMENTS <br />SECTIONS <br />PORTFOLIO' <br />Loca l Agency Bonds <br />Syears <br />None <br />None <br />53601(a) <br />U.S. Treasury Obligations <br />5years <br />None <br />None <br />53601(b) <br />State Obligations— <br />5years <br />None <br />None <br />53601(d) <br />CA And Others <br />CA Local Agency <br />Obligations <br />Syears <br />None <br />None <br />53601(e) <br />U.S Agency Obligations <br />Syears <br />None <br />None <br />53601(f) <br />Bankers' Acceptan ces <br />180 days <br />40%e <br />None <br />53601(g) <br />Commercial Paper— <br />270 days <br />25%of the <br />Highest letter and number <br />53601(h)(2)(C) <br />Non -Pooled Funds' <br />or less <br />agency's moneyo <br />rating by an NRSRO" <br />Commercial Paper— <br />270 days <br />40%ofthe <br />Highest letter and number <br />53635(a)(1) <br />Pooled Funds' <br />or less <br />agency's moneys <br />rating by an NRSRO" <br />Negotiable Certificates <br />5years <br />30%' <br />None <br />53601(i) <br />of Deposit <br />Non-negotiable <br />Certificates of Deposit <br />5years <br />None <br />None <br />53630 et seq. <br />Placement Service <br />5years <br />SO%" <br />None <br />53601.8 and <br />Deposits <br />53635.8 <br />Placement Service <br />5years <br />50%" <br />None <br />53601.8 and <br />Certificates of Deposit <br />53635.8 <br />Repurchase Agreements <br />1year <br />None <br />None <br />536010) <br />Reverse Repurchase <br />20%ofthe base <br />Agreements and Securities <br />92 daysL <br />value ofthe <br />None' <br />536010) <br />Lending Agreements <br />portfolio <br />Medium -Term NotesN <br />5 years <br />30% <br />'W rating category or its <br />53601(k) <br />or less <br />equivalent or better <br />Mutual Funds And Money <br />N/A <br />20% <br />MuhiplePQ <br />53601(I)and <br />Market Mutual Funds <br />53601.6(b) <br />Collateralized Bank <br />53630 et seq. <br />Deposits" <br />5years <br />None <br />None <br />and 53601(n) <br />Mortgage Pass —Through <br />5 years <br />"AA" rating category or <br />and Asset —Backed <br />or less <br />20% <br />its equivalent or better <br />53601(o) <br />Securities <br />County Pooled <br />N/A <br />None <br />None <br />27133 <br />Investment Funds <br />Joint Powers Authority Pool <br />N/A <br />None <br />Multiples <br />53601(p) <br />Local Agency Investment <br />N/A <br />None <br />None <br />16429.1 <br />Fund (LAIF) <br />Voluntary Investment <br />Program Fundr <br />N/A <br />None <br />None <br />16340 <br />Supranational Obligations" <br />5 years <br />30% <br />"AA" rating category or <br />53601(q) <br />or less <br />its equivalent or better <br />53601(r), <br />Public Bank Obligations <br />5 years <br />None <br />None <br />53635(c) and <br />57603 <br />LOCALAGENCY INVESTMENT GUIDELINES <br />55A-62 <br />