§ 2-166. Investment authority.

Pursuant to California Government Code Section 27000.1, subject to Section 53607, the County treasurer is hereby delegated the authority to invest or reinvest the funds of the County and the funds of the other depositors in the County Treasury, pursuant to Chapter 4 (commencing with Government Code Section 53600) of Part 1 of Division 2 of Title 5 of the Government Code. The County Treasurer shall assume full responsibility for those transactions until the board of supervisors either revokes its delegation of authority, by ordinance, or decides not to renew the annual delegation.

(Ord. No. 3265, § 1, 5-14-96; Ord. No. 3345, § 2, 7-8-97; Ord. No. 3428, § 1, 5-26-98; Ord. No. 3518, § 1, 6-8-99; Ord. No. 3602, § 1, 5-16-00; Ord. No. 3714, § 1, 5-8-01; Ord. No. 3821, § 1, 6-11-02; Ord. No. 3851, § 1, 5-13-03; Ord. No. 3878, § 1, 5-25-04; Ord. No. 3908, § 1, 4-26-05; Ord. No. 3935, § 1, 5-23-06; Ord. No. 3964, § 1, 5-22-07; Ord. No. 3985, § 1, 6-20-08; Ord. No. 4005, § 1, 5-19-09; Ord. No. 4022, § 1, 5-25-10; Ord. No. 4028, § 1, 5-24-11; Ord. No. 4043, § 1, 5-22-12; Ord. No. 4058, § 1, 6-11-13; Ord. No. 4083, § 1, 6-10-14)