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Ordinance No. 3964
AN ORDINANCE AMENDING BUTTE COUNTY CODE SECTION 2-166 DELEGATING
INVESTMENT AUTHORITY TO THE BUTTE COUNTY TREASURER/TAX COLLECTOR
The Board of Supervisors of the County of Butte ordains as
follows:
Section 1. Section 2-166 Of Article XX of Chapter 2 of the Butte
County Code is amended to read as follows:
2-1.66 2nvestment authority.
The County Treasurer is hereby delegated the authority for
fiscal year 2007-2008 to invest or reinvest the funds of
the County and the funds of 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
this delegation of authority is revoked by ordinance or
e~cpires at the end of the 2007-2008 fiscal year.
Section 2. Severability.
If any provision of this Ordinance or the application thereof to
any person or circumstances is for any reason held to be invalid by
a court of competent jurisdiction, such provision shall be deemed,
severable, and the invalidity thereof shall not affect the remaining
provisions or other applications of the Ordinance which can be given',
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effect without the invalid provision or application thereof.
Section 3. Effective Date and Publication. This Ordinance shall take
effect thirty (30) days after the date of its passage. The Clerk of.
the Board of Supervisors is authorized and directed to publish this
ordinance before the expiration of fifteen (15} days after its
passage. This Ordinance shall be published once, with the names of
the members of the Berard of Supervisors voting for and against it, in
the Chico Enterprise-Record, a newspaper of general circulation
published in the County of Butte, State of California.
PASSED AND ADOPTED by the Board of Supervisors of the County of
Butte, State of California, on the 22nd day of May 2007, by the
following vote:
AYES: Supervisors Connelly, Kirk, .Tosiassen, Yamaguchi, and Chair Dolan
NOES: None
ABSENT: None
NOT VOTTNC: None
~~ ATTEST:
PACTL McTNTOSH
Chief in'str iv Officer
and le B andpj
BY `(
G:\OI~IINANC\2-166 2407-e.wpd
J DOI,~ Chair of the
But e County Berard of Supervisors
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