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Ordinance No. 4043
I 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:
2-166 Investment authority.
The County Treasurer is hereby delegated the authority for fiscal year 2012-2013 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 expires at the end of the 2012-2013 fiscal year.
Section 2. SeverabiGty.
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 effect without the invalid provision or application thereof.
Section 3. Effective Date and Publication. This Ordinance shall take effect on July 1, 2012. The CIerk
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 Board 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.
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PASSED AND ADOPTED by the Board of Supervisors of the County of Butte, State of
California, on the 22"d day of May, 20I2, by the fallowing vote:
AYES: Supervisors Connelly, Wahl, Kirk, Yamaguchi and Chair Lambert
NOES: None
ABSENT: None
NOT VOTING: None
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STEVE LAMBS Chair of the
Butte County Boa d of Supervisors
Ar
l'au
and
By:
G: ORDINANCEI2-I66 2U12-2013 (TreaSurer'rax Collector Investment Ordinance).doc
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