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EXHIBIT A <br /> commercial paper of any one issuer and the aggregate investment in commercial <br /> paper shall not exceed 25% of the City's total portfolio. <br /> g. State of California Local Agency Investment Fund (LAIF) <br /> The Local Agency Investment Fund was established by the State to enable local <br /> agency treasurers to place funds in a pool for investment (California Government <br /> Code Section 16429.1 et seq.). The City uses this investment vehicle for short- <br /> term liquidity, funds are available on demand and interest is paid quarterly. The <br /> City may invest up to the maximum permitted by LAIF. <br /> h. California State and Local Agency Obligations <br /> Obligations of the State of California or any local agency within the state that are <br /> general obligation bonds or essential service bonds secured with revenue from a <br /> water, sewer, power or electric system, provided that such obligations are rated <br /> A or better. No more than 5% of the City's total portfolio shall be invested in any <br /> one issuer in this category and the aggregate investment in categories (h. & i.) <br /> shall not exceed 30% of the City's total portfolio. <br /> Other State Obligations <br /> Registered treasury notes or bonds of any of the other 49 United States in <br /> addition to California, including general obligation bonds or essential service <br /> bonds secured with revenue from a water, sewer, power or electric system of any <br /> of the other 49 United States, in addition to California, provided that such <br /> obligations are rated A or better. No more than 5% of the City's total portfolio <br /> shall be invested in any one issuer in this category and the aggregate investment <br /> in categories (h. & i.) shall not exceed 30% of the City's total portfolio. <br /> j. Medium-term notes <br /> Medium-term notes, defined as all corporate and depository institution debt <br /> securities with a maximum remaining maturity of five years or less, issued by <br /> corporations licensed by the United States or any state and operating in the <br /> United States. Purchases are limited to securities rated A or better. The <br /> aggregate investment in Medium-term corporate notes shall not exceed 30% of <br /> the City's total portfolio. <br /> k. Repurchase and Reverse Repurchase Agreements <br /> Repurchase and Reverse Repurchase Agreements collateralized by securities of <br /> the U.S. Government or its agencies. The purchase securities shall have a <br /> minimum market value including accrued interest of 102% of the dollar value of <br /> funds borrowed and a term not to exceed one year. The aggregate investment in <br /> 5 <br />