§ 2-508. Portfolio composition.

Latest version.

Guidelines for investments and limits on security issues, issuers, and maturities established by this investment policy are incorporated into this division as Exhibit A. The city manager shall have the option to further restrict or increase investment percentages from time to time based on market conditions. Any changes to the established portfolio composition must be documented in writing, reviewed by the investment committee and approved by resolution of the city commission. Purchase of investments based on bond covenant requirements are excluded from the portfolio's composition calculations.

(Ord. No. 95-44, § 1, 12-19-95)

                    
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