RESOLUTION NO. _____________

BOARD OF SUPERVISORS, COUNTY OF SAN MATEO, STATE OF CALIFORNIA

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RESOLUTION AUTHORIZING INVESTMENT OF COUNTY MONIES IN THE LOCAL AGENCY INVESTMENT FUND (LAIF)

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RESOLVED, by the Board of Supervisors of the County of San Mateo, State of California, that

WHEREAS, pursuant to Chapter 730 of the statutes of 1976, Section 16429.1 was added to the California Government Code to create a Local Agency Investment Fund (LAIF) in the State Treasury for the deposit of money, of a local agency, for purposes of investment by the State Treasurer; and

WHEREAS, the Board of Supervisors approved, in Resolution No. 36852, ("Exhibit A") the deposit and withdrawal of County monies in the Local Agency Investment Fund (LAIF) in accordance with the provision of Section 16429.1 of the Government Code for the purpose of investment as stated therein on January 11, 1977; and

WHEREAS, the following County of San Mateo officers, or their successors in office, shall be authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund (LAIF): Lee Buffington, Treasurer-Tax Collector, Charles M. Tovstein, Assistant Treasurer, Sandra L. Arnott, Deputy Treasurer-Tax Collector, Joseph A. Demee, Financial Services Manager, Esther Garibay, Investment Services Specialist, Rachel Ridon, Investment Services Specialist.

NOW THEREFORE, IT IS HEREBY DETERMINED AND ORDERED that the investment of County monies in the Local Agency Investment Fund (LAIF), as approved in Resolution No. 36852, again be approved.

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