California § 53600.5. 53600.5. (Amended by Stats. 1996, Ch. 749, Sec. 5.)

California Statutes

§ 53600.5. — 53600.5. (Amended by Stats. 1996, Ch. 749, Sec. 5.)

California § 53600.5.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.2.

Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES

Ch. 4.CHAPTER 4. Financial Affairs

Art. 1.ARTICLE 1. Investment of Surplus

This text of California § 53600.5. (53600.5. (Amended by Stats. 1996, Ch. 749, Sec. 5.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 53600.5. (2026).

Text

When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the primary objective of a trustee shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the depositor. The third objective shall be to achieve a return on the funds under its control.

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