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<br /> <br />City of Santa - Annual Page <br />40 July 1, 2021 - <br />Statement of Investment Policy June 30, 2022 <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 <br />Corporation, or Inter-American Development Bank, with a maximum remaining maturity of five years or less, <br />and eligible for purchase and sale within the United States. Investments under this subdivision shall be rated <br />in a rating category of “AA” or its equivalent or better by an NRSRO and shall not exceed 30 percent of the <br />agency’s moneys that may be invested pursuant to this section. <br />(r) Commercial paper, debt securities, or other obligations of a public bank, as defined in Section 57600. <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 />. . . <br />