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FIGURE I <br />ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT <br />CODE (AS OF JANUARY I, 2024)" APPLICABLE TO ALL LOCAL AGENCIES' <br />See "Table of Notes for Figure I" on the next page for footnotes related to this figure. <br />AXIMUM <br />MAXIMUM <br />SPECIFIED <br />MINIMUM <br />• <br />A. <br />FATURITY�c <br />• <br />QUALITY <br />CODE <br />P <br />O • •• <br />REQUIREMENTS <br />SECTIONS <br />Local Agency Bonds <br />5 years <br />None <br />None <br />53601(a) <br />U.S. Treasury Obligations <br />5 years <br />None <br />None <br />53601(b) <br />State Obligations— <br />5 years <br />None <br />None <br />53601(c) <br />CA And Others <br />53601(d) <br />CA Local Agency Obligations <br />5 years <br />None <br />None <br />53601(e) <br />U.S Agency Obligations <br />5 years <br />None <br />None <br />53601(f) <br />Bankers' Acceptances <br />180 days <br />40%E <br />None <br />53601(g) <br />Commercial Paper —Non -Pooled Funds' <br />270 days <br />25% of the <br />Highest letter and <br />(under $100,000,000 of investments) <br />or less <br />agency's money' <br />number rating by an <br />5 3 60 1 (h) (2) (c) <br />NRSRO <br />Commercial Paper —Non -Pooled Funds' <br />270 days <br />40% of the <br />Highest letter and <br />(min. $100,000,000 of investments) <br />or less <br />agency's moneys <br />number rating by an <br />5 3 60 1 (h) (2) (c) <br />NRSRO <br />Commercial Paper— <br />270 days <br />40% of the <br />Highest letter and <br />Pooled Funds) <br />or less <br />agency'smoneyG <br />number rating by an <br />53635(a)(1) <br />NRSRO <br />Negotiable Certificates of Deposit <br />5 years <br />30%" <br />None <br />53601(i) <br />Non-negotiable Certificates of Deposit <br />5 years <br />None <br />None <br />53630 et seq. <br />Placement Service <br />5 years <br />50%1 <br />None <br />53601.8 and 53635.8 <br />Deposits <br />Placement Service <br />5 years <br />50%1 <br />None <br />53601.8 and 53635.8 <br />Certificates of Deposit <br />Repurchase Agreements <br />I year <br />None <br />None <br />53601(j) <br />Reverse Repurchase Agreements and <br />92 days" <br />20% of the base <br />NoneN <br />53601(j) <br />Securities Lending Agreements <br />value of the portfolio <br />Medium -Term Noteso <br />5 years <br />30% <br />"A" rating category or <br />53601(k) <br />or less <br />its equivalent or better <br />Mutual Funds And Money <br />N/A <br />20%P <br />Multiple0 R <br />53601(1) and <br />Market Mutual Funds <br />53601.6(b) <br />Collateralized Bank Depositss <br />5 years <br />None <br />None <br />53630 et seq. <br />and 53601(n) <br />Mortgage Pass —Through and <br />5 years <br />20% <br />"AA" rating category or <br />53601(o) <br />Asset —Backed Securities" <br />or less" <br />its equivalent or better" <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 Fund (LAIF) <br />N/A <br />None <br />None <br />16429.1 <br />Voluntary Investment Program Fund`' <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 />Public Bank Obligations <br />5 years <br />None <br />None <br />53601(r), 53635(c) <br />and 57603 <br />City of Santa - Annual Page 20 July 1.2024 - <br />Statement of Investment Policy June 30, 2025 <br />