County supervisors on Tuesday unanimously voted to revoke Orange County’s Treasurer-Tax Collector Chriss Street’s authority to invest county funds. Supervisors said that while Street has done a good job as treasurer, the move was needed to prevent the public and investors from losing confidence in the county’s investment pool until Street’s term ends on Jan. 3, 2011.
Tag Archive for Investment Authority
Chriss Street Drops Out – Beware the Ides of March
by Chris Prevatt • • Comments Off
Campbell and board Chairwoman Janet Nguyen are sponsoring an emergency agenda item that calls for transferring Street’s investment authority to county Chief Financial Officer Bob Franz. “We just don’t believe it’s proper to have someone found guilty in court of breaching his fiduciary duty to be responsible for managing the county’s investment funds,â€
