{"code":"GOV","codeName":"Government Code","section":"53600.5","citation":"Gov. Code, § 53600.5","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 1. Investment of Surplus [53600. - 53610.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-1"}],"history":"Amended by Stats. 1996, Ch. 749, Sec. 5.   Effective January 1, 1997.","effective":"1997-01-01","html":"<p>When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the primary objective of a trustee shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the depositor. The third objective shall be to achieve a return on the funds under its control.</p>","text":"When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the primary objective of a trustee shall be to safeguard the principal of the funds under its control. The secondary objective shall be to meet the liquidity needs of the depositor. The third objective shall be to achieve a return on the funds under its control.","otherVersions":[],"url":"https://blackletter.si/government-code/investment-of-surplus-53600-5","source":"California Legislative Information bulk export (pubinfo)"}