Laserfiche WebLink
6. Purchase only insured or fully collateralized negotiable <br />certificates of deposits issued on state or nationally <br />chartered balks or savings and loan associations. <br />7. NCD's may not exceed 20% of the Treasurer's portfolio at the <br />time of purchase. <br />8. Repurchase agreements are limited to a maximum 7 day maturity <br />and may only be backed by U.S. Government or federal agency <br />collateral. <br />9. All time deposits with banks, and savings and loan <br />associations, shall be backed by collateral as specified in <br />Section 53651 of the Government Code, except for that portion <br />of the deposit which is insured by FDIC or FSLIC insurance. <br />10. Notes eligible investment must be issued by corporations <br />organized and operating within the United States or by <br />depository institutions licensed by the United States or any <br />state and -operating within the United states. Notes shall be <br />rated in a rating category of "A" or better by a nationally <br />recognized rating service. Purchases may not exceed 30% of <br />the portfolio. <br />Effective: December 18, 1990 <br />Michael Williams <br />Treasurer <br />2 <br />