The Chief Financial Officer is authorized to arrange for the investment of the inactive reserve funds of the City and such funds as are not required for current operations in direct obligations of the United States, guaranteed by the government of the United States certificates of deposit insured by the Federal Deposit Insurance Corporation (FDIC), and any other financial instruments permitted under Kentucky Revised Statutes. Provided, however, this authorization shall not be applicable to any funds, the investment of which is expressly authorized or limited or prohibited by State law.
(Ord. BG80-63, S11-2, 7/15/80; Ord. BG2002-13, 3/19/2002; Ord. BG2006-32, 9/19/2006; Ord. BG2016-49, 1/3/2017)