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Barbed Wire   |   Bill of the Week Bill of the Week: Assembly Bill 2214 (Jackson) – Diversion of Local Agency Investment Fund (LAIF) Deposits

RCRC strongly opposes Assembly Bill 2214, authored by Assemblymember Dr. Corey Jackson (D-Moreno Valley). This measure seeks to authorize the use of local agency funds on deposit with the State Treasurer’s Pooled Money Investment Account (PMIA) for purposes that are inconsistent with liquidity requirements of the local agencies investing in that fund