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09-D City Investment Policy
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09-D City Investment Policy
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Last modified
1/4/2007 1:19:32 PM
Creation date
1/4/2007 1:19:26 PM
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AGENDA
Item Number
09-D
AGENDA - Type
RESOLUTION
Description
Affirming compliance with requirements of Public Funds Investment Act & Amend Investment Policy
AGENDA - Date
1/8/2007
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<br />(A) for a business organization doing business that <br /> <br /> <br />is regulated by or registered with a securities commission, a <br /> <br /> <br />person who is registered under the rules of the National <br /> <br /> <br />Association of Securities Dealers; <br /> <br />(B) for a state or federal bank, a savings bank, or <br /> <br />a state or federal credit union, a member of the loan committee for <br /> <br /> <br />the bank or branch of the bank or a person authorized by corporate <br /> <br /> <br />resolution to act on behalf of and bind the banking institution; <br /> <br /> <br />(C) for an investment pool, the person authorized <br /> <br /> <br />by the elected official or board with authority to administer the <br /> <br /> <br />activities of the investment pool to sign the written instrument on <br /> <br /> <br />behalf of the investment pool; or <br /> <br /> <br />(D) for an investment management firm registered <br /> <br /> <br />under the Investment Advisers Act of 1940 (15 o.s.c. Section 80b-1 <br /> <br /> <br />et seq.) or, if not subj ect to registration under that Act, <br /> <br />registered with the State Securities Board, a person who is an <br /> <br />officer or principal of the investment management firm. <br /> <br />(11) "School district" means a public school district. <br /> <br />(12) "Separately invested asset" means an account or <br /> <br />fund of a state agency or local government that is not invested in <br /> <br />a pooled fund group. <br />(13) "State agency" means an office, department, <br /> <br />commission, board, or other agency that is part of any branch of <br /> <br />state government, an institution of higher education, and any <br /> <br />Page -3 - <br />
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