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CITY OF SANTA ANA STATEMENT OF INVESTMENT POLICY <br />JULY 1, 2016 — JUNE 30, 2017 <br />Page 28 <br />(f) The treasurer or chief fiscal officer shall not be required to render a quarterly report, as required by <br />subdivision (b), to a legislative body or any oversight committee of a school district or county office of <br />education for securities, investments, or moneys held by the school district or county office of education in <br />individual accounts that are less than twenty -five thousand dollars ($25,000). <br />(g) In recognition of the state and local interests served by the actions made optional in subdivisions (a) and <br />(b), the Legislature encourages the local agency officials to continue taking the actions formerly mandated <br />by this section. However, nothing in this subdivision may be construed to impose any liability on a local <br />agency that does not continue to take the formerly mandated action. <br />(Amended by Stats. 2009, Ch. 332, Sec. 68.5. Effective January 1, 2010.) <br />55C -38 <br />