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Ordinance No. 4083
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.
Pursuant to California Government Code Section 27000.1, subject to Section 53607, the
county treasurer is hereby delegated the authority to invest or reinvest the funds of the
County and the funds of the 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 the board of supervisors either revokes its delegation of authority, by
ordinance, or decides not to renew the annual delegation.
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 effect without the invalid provision or application thereof.
Section 3. Effective Date and Publication. This Ordinance shall take effect on July 1, 2014. 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 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 10'h day of June, 2014 by the following vote:
AYES: Supervisors Connelly, Wahl, Kirk, Lambert and Chair Teeter
NOES: None
ABSENT: None
NOT VOTING: None
DOUG TEE ER, Chair of the
Butte County Board of Supervisors
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