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 Marion County
 Code of Ordinances
 Chapter 2. ADMINISTRATION
 Article II. FINANCIAL AFFAIRS

§ 2-16. Permitted investments.  

Latest version.

  • The Board of County Commissioners of Marion County, Florida, hereby adopts the list of permitted investments as follows:

    Sector

    (1)

    U.S. Treasury;

    (2)

    GNMA;

    (3)

    Other U.S. Government Guaranteed (e.g. AID, GTC);

    (4)

    Federal agency/GSE:

    FNMA, FHLMC, FHLB, FFCB;

    (5)

    Federal agency/GSE other than those above;

    (6)

    Supranationals where U.S. is a shareholder and voting member;

    (7)

    Corporates;

    (8)

    Municipals;

    (9)

    Agency mortgage-backed securities (MBS);

    (10)

    Asset-backed securities (ABS);

    (11)

    Non-negotiable interest bearing time certificates of deposit;

    (12)

    Commercial paper (CP);

    (13)

    Bankers' acceptances (BAs);

    (14)

    Repurchase agreements (repo or RP);

    (15)

    Money market funds (MMFs);

    (16)

    Fixed-income mutual funds and ETFs;

    (17)

    Intergovernmental pools (LGIPs);

    (18)

    Florida local government surplus funds trust funds ("Florida Prime").

(Ord. No. 06-29, § 1, 9-5-06; Ord. No. 15-03, § 1, 3-3-15)

State law reference

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