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<br />9A <br />Page 21 <br /> <br />. Money Market, with a dollar-weighted average maturity of 90 days or less and some-day <br />liquidity; <br />. Short-term, an enhanced cash option with a target duration of 0-2 years and next-day <br />liquidity; and <br />. Medium-term, with a target duration of 1.5-3.5 years with monthly liquidity. <br /> <br />The flexibility afforded by these three account options provides local agencies with a highly <br />efficient means of allocating funds across the fixed-income spectrum, and a cost-free means of <br />reallocating funds among these options as circumstances warrant. <br /> <br />Experienced Public Officials Provide Strategic Direction and Oversight <br /> <br />The CaITRUST's board of trustees provides strategic direction and oversight for all aspects of the <br />CalTRUST program. The board is comprised of experienced local agency treasurers and finance <br />officials. These expert individuals have years of experience with the restrictions and limitations of <br />the California Government Code, and are actively engaged in the determination of overall <br />investment strategy for the CalTRUST portfolios. <br /> <br />The current CalTRUST board of trusteesincludes: <br /> <br />. Chuck Lomeli, treasurer-tax collector, Solano County, and president of the CalTRUST <br />Board of Trustees; <br />. Glenn Duncan, council member, city of Chino, vice-president of the CalTRUST board of <br />trustees and a registered municipal securities principal; <br />. Bill Pollacek, treasurer-tax collector, Contra Costa County; <br />. Don Kent, treasurer-tax collector, Riverside County <br />. Dave Ciapponi, assistant general manager and chief financial officer, Westlands Water <br />District; <br />. John Colville, senior investment officer, city of Sacramento; <br />. Dan McAllister, treasurer-tax collector, San Diego County; and <br />. Rob Boitano, assistant treasurer and chief investment officer, Sonoma County. <br /> <br />Find Out More <br /> <br />For additional Information on the new CalTRUST money market account option or any aspect of <br />the CalTRUST program, contact Lyle Defenbaugh, Wells Capital Management at (916) 441-6200 <br />or Lvle.Defenbauahca>.wachoviaos.com, or go to www.caltrust.ora. <br /> <br />State Water Resources Control Board Approves Construction General Permit <br />Non-compliance Will Result in Penalties for Waste Water Dischargers <br /> <br />The State Water Resources Control Board (SWRCB) this week approved a general permit for <br />storm water runoff from construction sites. The general permit is in compliance with the federal <br />Clean Water Act and the National Pollutant Discharge Elimination System (NPDES) permit <br />process. The state's general permit authorizes the discharge of storm water to surface waters <br />from construction activities that result in the disturbance of one or more acres of land, provided <br />that the discharger satisfies all permit conditions. <br /> <br />The penalty for non-compliance of the provisions of this general permit will have a significant <br />effect on cities because cities regulate discharge and discharge waste water in their operations. <br /> <br />A key provision in the adopted permit is the establishment of a numeric effluent limit (NEL). The <br />NEL applies to the runoff of both public and private construction projects. SWRCB staff performed <br />various tests to determine an appropriate limit of 500 nephelometric turbidity units (NTU). <br />SWRCB estimates that the cost of compliance will be approximately $1,000 per construction site <br />for the entire project. <br /> <br />The permit provisions go into effect on July 1,2010. After this date, construction projects that <br />exceed the 500 NTU may face penalties under the state's mandatory minimum penalty statute. <br /> <br />8 <br />