From time to time, the investment officer may choose to invest in instruments offered by minority and community financial institutions. In such situations, a waiver to certain parts of the criteria under Section 151.07 may be granted. All terms and relationships will be fully disclosed prior to purchase and will be reported to the appropriate entity on a consistent basis and consistent with state and local law. These types of investment purchases must be approved in advance by the Treasury Investment Committee upon recommendation of the investment officer.
(Ord. 1776-10. Passed 9-23-10.)