(A) Before liquid cash assets of Metra are invested or reinvested, or portfolio investments sold, quotes or proposals from qualified institutions will be solicited orally or in writing, as appropriate.
(B) Metra will [accept] seek to attain the quotes or proposals which provide[s] [the highest] a market average or better rate of return for the maturity required taking into account risk, constraints and cash flow, within the parameters of “the Act”, this policy and [applicable written administrative] Metra procedures.
(Ord. MET 99-24, passed 12-17-1999)