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RESOLUTION NO. 202135 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COACHELLA, CALIFORNIA AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND. WHEREAS, The Local Agency Investment
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Contact the local agency that oversees the investment fund.
02
Obtain the necessary forms and documentation for opening an account.
03
Fill out the required information on the forms, including personal details and investment preferences.
04
Provide any supporting documents or proofs of identity as needed.
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Submit the completed forms and documentation to the local agency for processing.

Who needs local agency investment fund?

01
Individuals looking to invest in a fund offered by their local government.
02
Local government agencies looking to invest funds in a secure and regulated manner.
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The Local Agency Investment Fund (LAIF) is a program established by the State of California that allows local agencies to invest their surplus funds in a pooled investment account to earn interest.
Local agencies in California, such as cities, counties, school districts, and special districts, are required to file for participation in the Local Agency Investment Fund.
To fill out the local agency investment fund application, agencies need to complete the required forms provided by the state, typically detailing their agency information, investment preferences, and authorized representatives.
The purpose of the Local Agency Investment Fund is to provide local agencies with a safe and liquid investment option for their excess cash, maximizing returns while maintaining accessibility to their funds.
Agencies must report information such as the amount invested, the investment period, and any interest earned or withdrawals made from the Local Agency Investment Fund.
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2021 california coachella seq 23rd nathan carranza andrea carlos zepeda angela hernandez treasurers ramirez ruben statham mmc effectuate successors noes capos foregoing rescinding authorizes resolves ayes contemplated attest monies certify abstain rescind

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