Debt Issuance And Investment Practices of State And Local Governments Hearings

Cover Debt Issuance And Investment Practices of State And Local Governments Hearings
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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HuieQal Cofpefauona ^M4.
{ 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 Repealed by Laws 1991.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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