(A)   The Investment Officer for purposes of this section shall be the elected Clerk-Treasurer for the City of Aurora, Indiana.
   (B)   Investments made under the authority of this section must be made in accordance with provisions of IC 5-13.
   (C)   The total investments outstanding under authority of this section shall not exceed 25% of the total portfolio of funds invested by the City of Aurora, including balances in transaction accounts.
   (D)   The authority to invest funds under this section shall expire at four years from the date of adoption of this section.
   (E)   Investments made under the authority of this section may have a stated maturity date more than two years, but not more than five years, from the initial date of investment purchase or entry into an investment repurchase agreement.
(Ord. 2012-010, passed 10-15-12; Am. Ord. 2019-001, passed 1-14-19)