§ 3.25.040. Persons authorized to invest city funds.

Latest version.

The city manager with the approval of the city council is authorized to invest moneys in accordance with this chapter, and shall ensure that no person invests city moneys other than in accordance with this chapter. The city manager may establish written administrative procedures for the operation of the city investment program with the concurrence of the city council. These procedures should include references to: safekeeping, repurchase agreements, wire transfer agreements, collateral/depository agreements and banking services contracts.

(Ord. 95-4 (part), 1995).

                    
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