2.92.100 Pension fund—Duties of finance director.
This section is included in your selections.
Excepting such moneys as may be required for current needs, the finance director shall invest such moneys belonging to the fund either in:
A. Investments authorized in Section 53601 of the Government Code and as enumerated in the city investment policy;
B. Bonds issued by corporations and at the time of purchase bearing an “A” rating by a national rating system generally recognized and used by banks and investment brokers in the United States of America. (Ord. 3121 §§ 3, 4, 1987; prior code § 5.38.100)