§ 2-588. Investment of debt proceeds.

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Debt proceeds will be invested primarily to assure the safety and liquidity of such investments, and secondarily, to maximize investment yield. The primary goal of liquidity is to ensure that proceeds will be available to fulfill the purposes of the issue on a timely basis. Debt covenants will specifically address investment guidelines for debt proceeds.

(Ord. No. 2013-03, § 1, 2-5-13)

                    
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