Chapter 2.86 — TREASURY OVERSIGHT COMMITTEE

Pursuant to Section 27131 of the Government Code of this state, there is established by this chapter an Inyo County treasury oversight committee. (Ord. 970 § 3, 1996)

The Inyo County treasury oversight committee shall consist of a minimum of three members, who shall be nominated by the county treasurer from among any of the membership categories set forth in Government Code Section 27132 and confirmed by a resolution of the board of supervisors. Each member shall meet all of the qualifications, and not suffer from any of the disqualifications, provided for in Article 6 of Chapter 5 of Part 3 of Division 2 of Title 3 of the California Government Code (Government Code Section 27130 et seq.) and other applicable law and shall serve until: (1) his or her resignation, death, disability; (2) his or her removal from office for cause by the board of supervisors; or (3) in the case of a member appointed from the categories listed in Government Code Section 27132(c), (e) or (f), and in accordance therewith, a new representative is selected by the entities described. (Ord. 970 § 3, 1996; Ord. 1010 § 4, 1999)

The treasury oversight committee shall meet at least annually but may meet more frequently as the need arises, as determined by the committee. The meetings shall be open to the public and subject to the Ralph M. Brown Act. The committee shall perform the duties imposed upon it by Article 6 of Chapter 5 of Part 3 of Division 2 of Title 3 of the California Government Code (Government Code Section 27130 et seq.) and by other directly applicable law, and no other. (Ord. 970 § 3, 1996; Ord. 1010 § 4, 1999)

The members of the treasury oversight committee shall receive an amount per diem for each meeting attended, as authorized by the board of supervisors by resolution. The amount per diem shall be in lieu of any mileage, expenses, or other compensation to the members. (Ord. 972 § 3, 1996)