§ 36.07 AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS.

   (A)   The Treasurer will maintain a list of financial institutions authorized to provide investment services.

   (B)   In addition, a list will also be maintained of approved security brokers/dealers selected by creditworthiness.

(2007 Code, § 1-6-7)

§ 36.08 AUTHORIZED AND SUITABLE INVESTMENTS.

   (A)   Investments may be made in any type of security allowed for in state statutes regarding the investment of public funds.

   (B)   Investments shall be made that reflect the cash flow needs of the fund type being invested.

(2007 Code, § 1-6-8)

§ 36.09 COLLATERALIZATION.

   Funds on deposit (checking accounts, certificates of deposit and the like) in excess of FDIC limits must be secured by some for of collateral, witnessed by a written agreement and held at an independent third party institution in the many of the village.

(2007 Code, § 1-6-9)