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July 1, 2023 - <br />June 30, 2024 <br /> City of Santa - Annual <br />Statement of Investment Policy Page 40 <br />(q) United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally <br />guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, <br />or Inter-American Development Bank, with a maximum remaining maturity of five years or less, and eligible <br />for purchase and sale within the United States. Investments under this subdivision shall be rated in a rating <br />category of “AA” or its equivalent or better by an NRSRO and shall not exceed 30 percent of the agency’s <br />moneys that may be invested pursuant to this section. <br /> <br />(r) Commercial paper, debt securities, or other obligations of a public bank, as defined in Section 57600. <br /> <br />This section shall become operative on January 1, 2026. <br /> <br />(Amended by Stats. 2020, Ch. 235, Sec. 3. (SB 998) Effective January 1, 2021.) <br /> <br />. . .