CC Resolution 1982-046' RESOLUTION NO 82-?6
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LA QUINTA, COUNTY OF RIVERSIDE,
STATE OF CALIFORNIA, AUTHORIZING DEPOSIT
AND WITHDRAWAL IN THE STATE LOCAL AGENCY
INVESTMENT FUND
WHEREAS, the State of California has enacted Assembly Bill 3107,
creating the Local Agency Investment Fund; and
WHEREAS, it appears to be in the best interest of the City of
La Quinta to deposit monies which may from time to time be surplus to the
immediate needs of the City in said fund.
NOW, THEREFORE, BE IT HEREBY RESOLVED that the City of La Quinta,
78-105 Calle Estado, La Quinta, California, 92253, agrees to deposit and
withdraw money in the Local Agency Investment Fund in the State Treasury in
accordance with the provisions of Section 16429.1 of the Government Code
for the purpose of investment therein; and
BE IT FURTHER RESOLVED, that each of its following officials be,
and hereby are, authorized to order the deposit or withdrawal of money in
said Local Agency Investment Fund; and
BE IT FURTHER RESOLVED, that Resolution No. 82-11 is hereby
rescinded.
LAWRENCE 0. ALLEN, City Treasurer
FRANK N USHER, City Manager/City Clerk
APPROVED and ADOPTED this 7th day of September 198
MAY
ATTEST
CITY?CLtRK
APPROVED AS TO FORM: APPROVED AS TO CONTENT:
ATTORNEY CITY MANAGER
BIB]
04-24-1996-U01
09:07:38AM-U01
CCRES-U02
82-U02
46-U02