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<br /> <br />City of Santa - Annual Page <br />27 July 1, 2021 - <br />Statement of Investment Policy June 30, 2022 <br />GOVERNMENT CODE - GOV <br />TITLE 5. LOCAL AGENCIES [50001 - 57550] <br /> ( Title 5 added by Stats. 1949, Ch. 81. ) <br /> <br />DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000 - 55821] <br /> ( Division 2 added by Stats. 1949, Ch. 81. ) <br /> <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 /> <br />CHAPTER 4. Financial Affairs [53600 - 53997] <br /> ( Chapter 4 added by Stats. 1949, Ch. 81. ) <br /> <br />ARTICLE 2. Deposit of Funds [53630 - 53686] <br /> ( Article 2 added by Stats. 1949, Ch. 81. ) <br /> <br /> <br />GOVERNMENT CODE <br />SECTION <br />53630. <br /> <br />As used in this article: <br />(a) “Local agency” means county, city, city and county, including a chartered city or county, a community <br />college district, or other public agency or corporation in this state. <br />(b) “Treasurer” means treasurer of the local agency. <br />(c) “Depository” means a state or national bank, savings association or federal association, a state or federal <br />credit union, or a federally insured industrial loan company, in this state in which the moneys of a local <br />agency are deposited. <br />(d) “Agent of depository” means a trust company or trust department of a state or national bank located in <br />this state, including the trust department of a depository where authorized, and the Federal Home Loan <br />Bank of San Francisco, which is authorized to act as an agent of depository for the purposes of this article <br />pursuant to Section 53657. <br />(e) “Security” means any of the eligible securities or obligations listed in Section 53651. <br />(f) “Pooled securities” means eligible securities held by an agent of depository for a depository and securing <br />deposits of one or more local agencies. <br />(g) “Administrator” means the Administrator of Local Agency Security of the State of California. <br />(h) “Savings association or federal association” means a savings association, savings and loan association, <br />or savings bank as defined by Section 5102 of the Financial Code. <br />(i) “Federally insured industrial loan company” means an industrial loan company licensed under Division 7 <br />(commencing with Section 18000) of the Financial Code, the investment certificates of which are insured by <br />the Federal Deposit Insurance Corporation. <br />(j) “Corporation” includes a limited liability company. <br />(Amended by Stats. 2004, Ch. 118, Sec. 19.7. Effective January 1, 2005.) <br /> <br />. . .