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July 1, 2025 - <br />June 30, 2026 <br /> City of Santa - Annual <br />Statement of Investment Policy Page 20 <br /> <br />ALLOWABLE INVESTMENT INSTRUMENTS PER STATE GOVERNMENT <br />CODE (AS OF JANUARY 1, 2025)A APPLICABLE TO ALL LOCAL AGENCIESB <br />See “Table of Notes for Figure 1” on the next page for footnotes related to this figure. <br /> <br /> <br /> <br />INVESTMENT <br />TYPE <br /> <br />MAXIMUM <br />MATURITYC <br />MAXIMUM <br />SPECIFIED <br />% OF <br />PORTFOLIOD <br /> <br />MINIMUM <br />QUALITY <br />REQUIREMENTS <br /> <br />GOV'T <br />CODE <br />SECTIONS <br />Local Agency Bonds 5 years None None 53601(a) <br />U.S. Treasury Obligations 5 years None None 53601(b) <br />State Obligations— <br />CA And Others 5 years None None 53601(c) <br />53601(d) <br />CA Local Agency Obligations 5 years None None 53601(e) <br />U.S Agency Obligations 5 years None None 53601(f) <br />Bankers’ Acceptances 180 days 40%E None 53601(g) <br />Commercial Paper—Non-Pooled FundsF <br />(under $100,000,000 of investments) <br />270 days <br />or less <br />25% of the <br />agency’s moneyG <br />Highest letter and <br />number rating by an <br />NRSROH <br /> <br />53601(h)(2)(c) <br />Commercial Paper—Non-Pooled FundsI <br />(min. $100,000,000 of investments) <br />270 days <br />or less <br />40% of the <br />agency’s moneyG <br />Highest letter and <br />number rating by an <br />NRSROH <br /> <br />53601(h)(2)(c) <br />Commercial Paper— <br />Pooled FundsJ <br />270 days <br />or less <br />40% of the <br />agency’s moneyG <br />Highest letter and <br />number rating by an <br />NRSROH <br /> <br />53635(a)(1) <br />Negotiable Certificates of Deposit 5 years 30%K None 53601(i) <br />Non-negotiable Certificates of Deposit 5 years None None 53630 et seq. <br />Placement Service <br />Deposits 5 years 50%L None 53601.8 and 53635.8 <br />Placement Service <br />Certificates of Deposit 5 years 50%L None 53601.8 and 53635.8 <br />Repurchase Agreements 1 year None None 53601(j) <br />Reverse Repurchase Agreements and <br />Securities Lending Agreements 92 daysM <br />20% of the base <br />value of the portfolio NoneN 53601(j) <br />Medium-Term NotesO <br />5 years <br />or less 30% “A” rating category or <br />its equivalent or better 53601(k) <br />Mutual Funds And Money <br />Market Mutual Funds N/A 20%P MultipleQ, R <br />53601(l) and <br />53601.6(b) <br />Collateralized Bank DepositsS 5 years None None 53630 et seq. <br />and 53601(n) <br />Mortgage Pass–Through and <br />Asset–Backed SecuritiesT <br />5 years <br />or lessT <br />20% “AA” rating category or <br />its equivalent or betterT <br />53601(o) <br />County Pooled <br />Investment Funds N/A None None 27133 <br />Joint Powers Authority Pool N/A None MultipleU 53601(p) <br />Local Agency Investment Fund (LAIF) N/A None None 16429.1 <br />Voluntary Investment Program FundV N/A None None 16340 <br />Supranational ObligationsW <br />5 years <br />or less 30% “AA” rating category or <br />its equivalent or better 53601(q) <br />Public Bank Obligations 5 years None None 53601(r), 53635(c) <br />and 57603