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Reso 2009-1500
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Reso 2009-1500
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Last modified
7/20/2010 10:36:30 AM
Creation date
1/21/2010 11:46:28 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2009-1500
Date (mm/dd/yyyy)
12/17/2009
Description
Revised Investment Policy
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<br />~ United States Export -Import Bank <br />- Direct obligations or fully guaranteed certificates of beneficial ownership <br />~ Farmer Home Administration <br />- Certificates of beneficial ownership <br />~ Federal Financing Bank <br />- Discount notes, notes and bonds <br />~ Federal Housing Administration Debentures <br />~ FDIC guaranteed notes ("TLGP" bonds) <br />~ Government National Mortgage Association ("GNMA") <br />- GNMA guaranteed mortgage-backed bonds <br />- GNMA guaranteed pass-through obligations <br />~ General Services Administration <br />~ New Communities Debentures <br />- United States Government guaranteed debentures <br />~ United States Public Housing Notes and Bonds <br />- United States Government guaranteed public housing notes and bonds <br />~ United States Department of Housing and Urban Development <br />Project notes and local authority bonds <br />~ Federal Farm Credit Bank ("FFCB") <br />~ Federal Home Loan Bank or its City Banks ("FHLB") <br />~ Federal National Mortgage Association ("FNMA") <br />~ Federal Home Loan Mortgage Corporation ("Freddie-Macs") including Federal- <br />Home Loan Mortgage Corporation participation certificates <br /> <br />Portfolio Composition <br />A maximum of 100% of available funds may be invested in United States Government <br />agencies. <br /> <br />Limits on Individual Issuers <br />A maximum of 100% of available funds may be invested in individual United States <br />Government agencies. <br /> <br />Maturity Limitations <br />The maximum length to maturity for an investment in any United States Government <br />agency security is ten (10) years from the date of purchase. <br /> <br />C. Interest Bearing Time Deposit or Savings Account <br /> <br />Non-negotiable interest bearing time certificates of deposit or savings accounts in <br />banks organized under the laws of Florida or the United States provided that such <br />deposits are secured by collateral as prescribed by the Florida Security for Public <br />Deposits Act, Chapter 280, Florida Statutes. <br /> <br />Portfolio Composition <br />A maximum of 100% of available funds may be invested in non-negotiable interest <br />bearing time certificates of deposit. <br /> <br />Limits on Individual Issuers <br />A maximum of 50% of available funds may be deposited with anyone (1) issuer. <br /> <br />5 <br />
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