10-2145 Revised City Investment Policy

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Mortgage Corporation. Any other GSE shall be considered as corporate debt far the pttrpases of this Policy and shall be authorized under the criteria set forth in D, Corporations. C State & Local Govermnents ~ General or revenue obligation of any state of the United States, the District of Columbia, ar any territorial possession of the United States, or, of any political subdivision, institution, department, agency, instrumentality, or authority of any of such governmental entities. D Corporate Debt Instruments and Commercial Paper -United States dollar denominated debt inshumeirts issued by a corporation ar bank which is organized and operated within the United States. E, Battle Deposits or Certificates ofDeposit --Non-negotiable interest- bearing time certificates of deposit or savings account in banks or savings associations organized under the laws of the state and/ar national banks or savings associations organized under the laws of the United States, provided the deposits are secured by the Florida Security of Public Deposits Act, Chapter 280, Florida Statutes, and provided that the ins#itution is not recognized an a credit watch information service Iist, ~ Local Govermnent Investment Pools -Shares in local government investment pools organized under Chapter 1 G3, Part I, Florida Statutes. G. The Florida Local Government Surplus Funds Trust Fund as administered by the State Beard of Administration (SBAI. Shares in the SBA pool organized under Chapter 218, Part IV, Florida Statutes. H, Money Market Mutual p'unds ~ Shares of any money market fund that is registered as an investment company under the federal "Investment Company Act of 1940", as amended, which stipulates that a money market fund must have an average weighted maturity of 90 days or less. I. Repurchase Agreements -Securities referred to ut paragraph A or B of this Section 1 and that can. otherwise be purchased under this Policy may be subject to a Repurchase Agreement. Such securities subject to this agreement must have a coupon rate that is fixed from the time of settlement until its maturity date, and must be marketable. Such securities must be delivered to the City or to a third~par•ty custodian or third~party trustee for safekcepin'g on behalf of the City. The collateral securities of any repurchase agreement must be collateralized at rto Iess than one ]tundred two percent (102%) and marked to market no less frequently than weekly. All approved institutions and dealers transacting repurchase agreements shall execute and perform as statedui the Master Repurchase Agreement. All repurchase agreement transactions shall adhere to the requirements of the Master Repurchase Agreement. 6