California Statutes
§ 53607. — 53607. (Amended by Stats. 1996, Ch. 749, Sec. 6.)
California § 53607.
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 § 53607. (53607. (Amended by Stats. 1996, Ch. 749, Sec. 6.)) 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 § 53607. (2026).
Text
The authority of the legislative body to invest or to reinvest funds of a local agency, or to sell or exchange securities so purchased, may be delegated for a one-year period by the legislative body to the treasurer of the local agency, who shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked or expires, and shall make a monthly report of those transactions to the legislative body. Subject to review, the legislative body may renew the delegation of authority pursuant to this section each
year.
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Related
In Re County of Orange
183 B.R. 594 (C.D. California, 1995)
Legislative History
Amended by Stats. 1996, Ch. 749, Sec. 6. Effective January 1, 1997.
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California § 53607., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53607..