Government Code Section 27131 states that the Board of Supervisors in each County may, if the County is investing surplus funds, establish a County Oversight Committee. Upon instruction of the County Board of Supervisors, the Treasurer will nominate for approval by the Board, a County Oversight Committee. This committee will include from three to eleven members, as the Board of Supervisors, in consultation with the County Treasurer, shall determine is appropriate. This committee shall include selected persons from the following categories:
The County Treasurer
The County Auditor Controller
An appointed representative of the Board of Supervisors
The County Superintendent of Schools or designee
A representative of special districts within the County that is required or authorized to deposit money in the County Investment Pool
One to five bipartisan members of the public that have expertise in public finance and come from diverse economic backgrounds.