§ 2-131. List of permitted investments by the city.

(a)

The Florida Local Government Surplus Funds Trust Fund ("SBA").

(b)

United States Government securities.

(c)

United States Government agencies.

(d)

Federal instrumentalities.

(e)

Interest bearing time deposit or saving accounts.

(f)

Repurchase agreements.

(g)

Commercial paper.

(h)

Corporate notes.

(i)

Bankers' acceptances.

(j)

State and/or local government taxable and/or tax-exempt debt.

(k)

Registered investment companies (money market mutual funds).

(l)

Intergovernmental investment pool.

(m)

Inter-departmental loans.

(n)

Supranationals.

(o)

Asset-backed securities.

(p)

Multi-asset class portfolio investments, including:

(1)

US domestic equities.

(2)

Non-US international equities.

(3)

US investment grade corporate bonds.

(4)

US below-investment grade bonds.

(5)

Non-US and emerging market debt.

(6)

Real estate investment trusts ("REITs").

(7)

Treasury inflation protected securities ("TIPS").

(8)

Commodity mutual funds or exchange traded funds ("ETFs").

(q)

Registered investment companies (mutual funds) that invest in any of the permitted investments shown.

(Ord. No. 18-11, § 1, 5-22-18)

State law reference

Local government investment policies, F.S. § 218.415.