Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Investments topic
No spam. Unsubscribe anytime.
Board authorizes temporary investment of surplus district funds under Education Code Section 41015
Summary
The Board authorized the Los Angeles County Treasurer to invest or liquidate surplus district funds in U.S. government or federal agency securities upon the CFO's determination, effective Dec. 19, 2025–Dec. 18, 2026, citing Education Code Section 41015.
The Montebello Unified Board authorized the County Treasurer to invest or liquidate surplus district funds in U.S. government or federal agency securities in accordance with Education Code Section 41015. The authorization is effective Dec. 19, 2025, through Dec. 18, 2026, and is conditioned on the Chief Financial Officer's determination of amounts and timing.
The motion was made by Elizabeth Cabrera and seconded by Jennifer Gutierrez; a roll-call vote recorded four 'aye' votes by the members present and the motion carried. The minutes record that the authorization is to be exercised "in such amounts and at such times as conditions warrant," under the statutory authority cited.
