As used in this article: (a) âLocal agencyâ means county, city, city and county, including a chartered city or county, a community college district, or other public agency or corporation in this state. (b) âTreasurerâ means treasurer of the local agency. (c) âDepositoryâ means a state or national bank, savings association or federal association, a state or federal credit union, or a federally insured industrial loan company, in this state in which the moneys of a local agency are deposited. (d) âAgent of depositoryâ means a trust company or trust department of a state or national bank located in this state, including the trust department of a depository where authorized, and the Federal Home Loan Bank of San Francisco, which is authorized to act as an agent of depository for the purposes of this article pursuant to Section 53657. (e) âSecurityâ means any of the eligible securities or obligations listed in Section 53651. (f) âPooled securitiesâ means eligible securities held by an agent of depository for a depository and securing deposits of one or more local agencies. (g) âAdministratorâ means the Administrator of Local Agency Security of the State of California. (h) âSavings association or federal associationâ means a savings association, savings and loan association, or savings bank as defined by Section 5102 of the Financial Code. (i) âFederally insured industrial loan companyâ means an industrial loan company licensed under Division 7 (commencing with Section 18000) of the Financial Code, the investment certificates of which are insured by the Federal Deposit Insurance Corporation. (j) âCorporationâ includes a limited liability company.
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