(1) "Derivative security" shall mean a financial instrument, shall contract or obligation whose value or return is based upon or linked to another asset or index, or both, separate from the financial instrument, contract or obligation itself, but shall not include a written repurchase agreement that satisfies the provisions of Section 238.055(a)(2).
(2) "Eligible depository" shall mean any institution described in Ohio R.C. 135.03.
(3) "Eligible investment" shall mean any investment described in Section 238.055(a).
(4) "Investment pool" shall mean a fund established by another subdivision (including a county), the Director of Finance, the governing board or the investing authority (as each of those terms is defined in Ohio R.C. 135.01), if that fund was established for the purpose of investing the public moneys of other subdivisions, but shall not include STAR Ohio.
(5) “Investment Advisor” shall mean any person qualified to act as an investment advisor under Ohio R.C. 1707.141.
(6) “Public moneys” shall mean all moneys in the Treasury of the City or moneys coming lawfully into the possession of the Director of Finance.
(7) “Qualified securities dealer” shall mean the Treasurer of the State of Ohio for the purposes of investments in STAR Ohio.
(8) “Qualified Trustee” shall mean a qualified trustee as described in Ohio R.C. 135.18.
(9) “Reverse repurchase agreement” shall mean a repurchase agreement under the terms of which the Director of Finance or such Director of Finance's designee agrees to sell securities owned by the City to a purchaser and agrees with that purchaser to unconditionally repurchase such securities.
(10) “STAR Ohio” shall mean the Ohio Subdivision's Fund created pursuant to Ohio R.C. 135.45 and currently designated as “Star Treasury Asset Reserve of Ohio”.
(11) “Uniform Depository Act” shall mean Ohio R.C. Chapter 135 and all amendments thereto.
(b) Nothing in this section shall be construed as permitting the investment of the public moneys of the City in any of the obligations defined in subsection (a) hereof if investment in such obligations is otherwise prohibited by the City's investment policy.
(Ord. 51-97. Passed 3-24-97; Ord. 66-16. Passed 5-23-16.)