Pursuant to F.S. § 175.071(1)(b), the Board may invest the assets of the plan in any lawful investment, real or personal, as provided in F.S. § 215.47, except as otherwise limited by law. Consistent with F.S. § 175.071, the Board of Trustees may also invest up to ten percent (10%) of plan assets, at cost, in foreign securities. Subsequent amendments to F.S. Ch. 175, which expand the scope of permissible investments shall be incorporated herein upon adoption by the Florida Legislature.
(Ord. No. 94-52, § 3, 12-20-94; Ord. No. 06-037, § 3, 5-2-06; Ord. No. 07-010, § 2, 5-15-07)