Plain English Breakdown
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Investment of funds: delegation to county treasurer.
AB 2080, as amended, Johnson.
What This Bill Does
- AB 2080, as amended, Johnson.
- Investment of funds: delegation to county treasurer.
- Existing law generally authorizes local agencies to invest or reinvest public funds and prescribes rules for that investing or reinvesting.
- Existing law authorizes a legislative body of a local agency to delegate this authority for a one-year period to the treasurer of the local agency, as specified, and after a delegation, requires the treasurer to make a monthly report of those transactions to the legislative body.
Limits and Unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.