California Statutes
§ 53607. — 53607. (Amended by Stats. 1996, Ch. 749, Sec. 6.)
California·Code GOV Government 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
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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California § 53607. (53607. (Amended by Stats. 1996, Ch. 749, Sec. 6.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.