HomeMy WebLinkAboutMINUTES - 01282003 - C47 TO: BOARD OF SUPERVISORS
Contra
FROM: John Sweeten, County Administrator Costa
County
?ATE: January28, 2003 .. a
SUBJECT: DELEGATION OF INVESTMENT AUTHORITY TO THE COUNTY TREASURER
Specific Request(s) or Recommendation(s) & 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.
State lager 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 soil or exchange securities'so purchased" for a one
year period, It is recommended that this delegation he reneged through the calendar year 2003.
Continued on Attachment: YES Signature: `✓71
y
Recommendation of County Administrator Recommendation of Beard Comm;ttee
Approve Other
Y�
Signature(s):
Action of Board cin:.JANUARY 28,2roved asecorr:mended X :tether
dote of Supervisors: € HEREBY CERTIFY THAT T HIS IS A TRUE
AND CORRECT COPY OF AN ACTION TAKEN
X Unanimous (Ab nt t; AND 'ENTERED Off; T�E € �TEOF T€�
Ayes: goes; BOARD OF SUPERVISORS ON ®ATE SHOWN,
Abs6ft Abq-ta€q:
Contact: Tony Enea (336-1094) Attested: JANUARY 28 2033
cc: Treasurer-Tax Ca€€ ctor john Sweeter, Clerk of
the Board of Supary€,ors
and County Administrator
,/