Debt Issuance And Investment Practices of State And Local Governments Hearings

Securities United States Congress House Committee On Banki

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| 20. Eff. July 1. 1991.
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{ M8. 2. Repealed by Laws 1991. C 124. } 3S. { 348J. QUes and counties-Written inveat- ment policies— Authorised Investineota A. In sddition to the investments authorised by Section 348. 1 of Title 62 of the Oklahoma Sututea, the governing body of a city with a population of not less than three hundred thousand (300, 000) per- sons according to t...he latest Faderal Decennial Cen- sus or of a county with a population of not less than four hundred thousand (400, 000) persons according to the latest Federal Decennial (^nsus may adopt a written investment policy directiDg the investment of the funds of the city or county and any of its public trusts or authorities. If such a policy is adopted by the governing body, tuch funds shall be invested pursuant to the provisions of the policy. The written policy shall sddreat liquidity, diveni^ cation, saiety of principal, yield, maturity and quali> ty and capability of inveatment management, with primary emphasis on safety and liquidity.

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