DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 9. HEALTH BENEFITS FOR DEPENDENTS OF STATE EMPLOYEES 22980›CHAPTER 4.6. Consolidated Office of Director of Finance 26980-26990›ARTICLE 1. Duties Generally 27000-27013
§ 27000.5
California Government Code · 2026-09 edition · updated 2026-09-27 · California
When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the primary objective of the county treasurer or the board of supervisors, as the case may be, shall be to safeguard the principal of the funds under the treasurer’s or the board’s control. The secondary objective shall be to meet the liquidity needs of the depositor. The third objective shall be to achieve a return on the funds under his or her control.
(Amended by Stats. 1996, Ch. 749, Sec. 3. Effective January 1, 1997.)
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