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<br />
<br />'" GOVERNMENT CODEi ,
<br />,Title 10' "
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<br />scribed in this subsection or to invest its funds or ,funds'imder:its
<br />control; excluding bond pr'oceeds,jn anyone money market,mutualfund'
<br />in an amount,that exceeds 10 percent of the total assets of the money,
<br />market mutual fund.
<br />
<br />O( e) An entity' listed in Subsection (a) of this section may: invest :its
<br />funds and fundsun'der its control in an eligible public ftmds investment'
<br />pool if the gdverningbody of the entity by resolution authorizes invest-
<br />ment in the particular pool. A public funds investment pool may invest
<br />the funds 'it receives from entities listed in SubsectionJa)'orthis section-
<br />in any investment described by that subsection. A public funds invest-
<br />'ment pool shall. establish an advisory board composed of participanis ,in
<br />the pool and other persons who are qualified to advise the pool. ' "
<br />
<br />"(fJ To become eligible to receive funds from and invest fundsori
<br />behalf of an entity listed in Subsection (a) of this section, a public funds
<br />investment pool must furnish to the chief financial officer or other
<br />authonzed'repres(mtaiive 'ofth'e entityarl offering circular ','or 'other
<br />sirriilar'disi::losureiizstnllnent'thizt contaIns,' at Ii minimum;"th'e ''followc''
<br />ing information: ','"'"
<br />. . . .
<br />,'''(j) the types of investments in wliich money is 'allowed ''to be invest-
<br />d' \' \, , " r . , '1,-,
<br />e " _ " " , ' .,.. .
<br />'. '. \ " , ~ '.' \".", \ \:, ': : .,' , ,"" \ ~' i': ,..' '". '\' ~ I, _; .\ ; ~, I, .., !, ;
<br />, '''('2)' the maxim~m 'av~rage dollar~weighted maturity allowe'd, based. on'
<br />the:'st'dted maiurity date, 0[. the pool;., ""i',', ,"",.:,y, .'"
<br />- " ',",', \ J 1 ", ':' . . \ ""',' "', ''-:', .,: ':, ,', ~ .', " ' . .' . '. . . ; .,1\. ',".-' ,,: ~ I,' " .", "'~;.' \ \ 'j \ .
<br />, ,.."(3)the"maximum stated maturity date any investment:security within, " '
<br />the portfolio ,may have;;" "', " ,'<:''', Ii:'"
<br />
<br />"(4) the objectives of the pooli ' '''.., , ',;1:, '
<br />
<br />i "(5) th~;ize of thq;601;' ",;'
<br />" , , ; '" . . , ' . ",' ~\ t"" .
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<br />"-"( 6) the ndmes of the members 'of the advisory bOard of ihepodl'and
<br />the datestheir't~rins'"expire; " " ",,':"',~ .',t', '
<br />" \"., ", '..J I ., ", """';':"" ,..',,',, ,'....
<br />"(7) the custodian bank that wilZ,safekeep the pool's assets;", ,.',
<br />
<br />"(8) whether the intent' of the pool is to maintain a net ass~tvahie of
<br />one dolZarandthe risk of market price fluctuation;, ': "
<br />'" ~. ., .",' .' '. ; "'. ' . .,.. " .', " ' . \.' I ' , '.' .' \
<br />" "(9)' whether the only source of payment is the assets of the pool at'
<br />" market value 'or whether there is a secondary sOUrce. ofpafim'ent,.such'as:
<br />insurance or guarantees; and a descnption of the secondary source ',of
<br />, 1 ,.\ ,
<br />payment. ", ,',.,,','. ",' '."
<br />", "", : '., ~' "'.; '.1',.'.:.-"" i.' " " ':. '.. ." ".. ." ... '.'; i : '. '; .',:, , \-.".)"\:/ ."....,.
<br />. ':(10) ,the name., and, address of the independent auditor of the pool; .
<br />. '; . '. '
<br />'''(11) the requ'irdmehts to be satisfied foran eniitytodeposii 'fz-hias Iii
<br />and Withdraw funds from the pool and any de'adlines.or other operating
<br />policies reqiiired for 'the entity to' invest funds in and withdrczw funds
<br />fromthepool;'an,1,"',' .....~"\. .,.'..,. '."".,;
<br />
<br />.; ,,~t(J 2) c the:performance history', of .the pool,' including:yield, ',average',
<br />do'llar-weighted. 'matunties; 'and 'expense. 'ratios: """" \ ','.' '.\'",',h;.~,,;;.~'),.:\,h'J '
<br />. 3'10"
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