King County - File #: 2008-0536

• File #: 2008-0536
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 10/6/2008
• In control: Operating Budget, Fiscal Management and Select Issues Committee
• Final action: 10/20/2008
• Enactment date: 10/31/2008
• Enactment #: 16280
• Title: AN ORDINANCE related to the executive finance committee, establishing an investment pool advisory committee; and adding a new section to K.C.C. chapter 2.36.
• Sponsors: Bob Ferguson, Larry Phillips, Jane Hague, Reagan Dunn, Kathy Lambert, Julia Patterson, Dow Constantine
• Indexes: Finance
• Code sections: 2.36 -

Date	Ver.	Action By	Action	Result
10/20/2008	2	Metropolitan King County Council	Hearing Held
10/20/2008	2	Metropolitan King County Council	Passed	Pass
10/8/2008	1	Operating Budget, Fiscal Management and Select Issues Committee	Recommended Do Pass Substitute
10/6/2008	1	Metropolitan King County Council	Introduced and Referred

Drafter
Clerk 10/16/2008
Title
AN ORDINANCE related to the executive finance committee, establishing an investment pool advisory committee; and adding a new section to K.C.C. chapter 2.36.
Body
BE IT ORDAINED BY THE COUNCIL OF KING COUNTY:
NEW SECTION. SECTION 1. There is hereby added to K.C.C. chapter 2.36 a new section to read as follows:
A. The investment pool advisory committee is hereby established. The committee shall provide input and advice to the executive finance committee on executive finance committee agenda items that relate to the moneys pooled in accordance with K.C.C. 4.10.090, such as policies, practices and fees.
B. The committee shall be composed of the following members, who represent the entities that participate in the investment pool under K.C.C. 4.10.090:
1. Two members who are elected officials or employees of school districts;
2. One member who is an elected official or employee of a fire district;
3. One member who is an elected official or employee of a water district or sewer district;
4. Two members who are county fund managers;
5. Two at-large members, who are elected officials or employees of entities, that participate in the investment pool other than school districts, water/sewer districts, and fire districts, ;
6. The county treasury manager; and
7. One member who is a private citizen who is an investment professional who has no financial relationship with the county or any of the entities that participate in the investment pool.
C. The county executive shall appoint members of the committee from nominations submitted under the provisions of this ordinance, subject to confirmation by the county council. The school districts, fire districts, water districts and sewer districts that participate in the investment pool shall each nominate the members representing the respective districts through a process of their own choosing. The executive finance committee shall nominat...