Subject to Government Code Section
53607, the board of supervisors delegates to the county treasurer the authority to invest or reinvest the funds of the county and the funds of other depositors in the county treasury, pursuant to Chapter 4 (commencing with Section
53600) of Part 1 of Division 2 of Title
5 of the Government Code. The county treasurer shall assume full responsibility for those transactions until the board of supervisors either revokes its delegation of authority, by ordinance, or decides not to renew the annual delegation, as provided by Section 53607. Nothing in this section shall limit the county treasurer's authority pursuant to Government Code Section
53635 or
53684.
(Ord. 1433 § 2, 1997)