HomeMy WebLinkAboutMINUTES - 01092001 - C100 TO: BOARD OF SUPERVISORS
Contra
FROM: Phil Batchelor Costa
County
DATE January 9, 2000
SUBJECT: DELEGATION OF INVESTMENT AUTHORITY TO THE COUNTY TREASURER'
Specific Request(s)or Recommendations) &Background & Justification'
RECOMMENDATION
APPROVE the delegation of authority to the County Treasurer for investing and 'reinvesting
County funds and the funds of other depositors in the;County treasury, or to sell or exchange
securities so purchased, pursuant to section 53607 of the State Government Code.
BACKGROUND
State law provides that the Board of Supervisors may delegate to the County Treasurer the authority "to
invest or to reinvest funds of a local agency, or to sell or exchange securities so purchased" for a one
year period. This Board Order recommends this delegation be renewed through the calendar year 2001.
Continued on Attachment:_YES Signature:
t---"'Recommendation of County Administrator Recommendation of Board Committee
Approve Other
Signature(s):
Action of Boar on 9;,,2001 Approved as Recommended XX Other
Vote of Supervisors: I HEREBY CERTIFY THAT THIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
XX Unanimous (Absent_2±_) AND ENTERED ON THE MINUTES OF THE
Ayes: Noes: BOARD OF SUPERVISORS ON DATE SHOWN'.
Absent: Abstain:
** Supervisor seat U is vacant at this time
Contact: Tony Enea(335-1094) Attested: J xv 9, 2001
cc: Treasurer-Tax Collector Phil Batchelor, Clerk of
the Board of Supervisors
ounty ministrator'
By: / , DEPUTY