§ 52.098 REQUIRED TYPES OF INVESTMENT.

   Pending use of the retained amounts, the city shall invest the same for reconstruction and expansion in:

   (A)   Obligations of the United States Government;

   (B)   Obligations guaranteed as to principal and interest by the United States Government, or any agency thereof; and

   (C)   Accounts fully collateralized by obligations of the United States Government or by obligations fully guaranteed as to principal and interest by the United States Government or any agency thereof.

(1994 Code, § 52.088) (Ord. 263, passed 3-8-1976)