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(3) address investment diversification, yield, and <br />maturity and the quality and capability of investment management; <br />and <br />(4) include: <br />(A) a list of the types of authorized investments <br />in which the investing entity's funds may be invested; <br />(B) the maximum allowable stated maturity of any <br />individual investment owned by the entity; <br />(C) for pooled fund groups, the maximum <br />dollar-weighted average maturity allowed based on the stated <br />maturity date for the portfolio; <br />(D) methods to monitor the market price of <br />investments acquired with public funds; and <br />(E) a requirement for settlement of all <br />transactions, except investment pool funds and mutual funds, on a <br />delivery versus payment basis. <br />(c) The investment policies may provide that bids for <br />certificates of deposit be solicited: <br />(1) orally; <br />(2) in writing; <br />(3) electronically; or <br />(4) in any combination of those methods. <br />(d) As an integral part of an investment policy, the <br />governing body shall adopt a separate written investment strategy <br />for each of the funds or group of funds under its control. Each <br />investment strategy must describe the investment objectives for the <br />particular fund using the following priorities in order of <br />importance: <br />(1) understanding of the suitability of the investment <br />to the financial requirements of the entity; <br />(2) preservation and safety of principal; <br />(3) liquidity; <br />(4) marketability of the investment if the need arises <br />to liquidate the investment before maturity; <br />(5) diversification of the investment portfolio; and <br />(6) yield. <br />(e) The governing body of an investing entity shall review <br />5 <br />