Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Budget committee recommends investment policy updates after manager outlines statutory changes and portfolio position
Summary
The Pleasant Hill Budget Committee voted to recommend updates to the city’s investment policy, driven by state law changes in SB 595 and explained in a manager’s market briefing; members also accepted the treasurer’s portfolio report and asked staff to forward materials to council.
The Pleasant Hill Budget Committee voted to recommend updates to the city’s investment policy after an investment manager summarized state law changes and the city’s portfolio position.
Carlos, the investment manager participating from Chandler, said the policy edits reflect changes enacted in Senate Bill 595 (2025) that take effect in 2026. “The biggest one is that commercial paper has been extended a maturity of from 270 days out to 397 days,” Carlos said, and he added that a prior restriction limiting purchases to no more than 10 percent of a single issuer’s commercial paper has been removed (a 25 percent aggregate commercial‑paper limit remains in place). He also described code-driven updates about placement services (CD‑placement services may…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
