(A) It is the policy of the Treasurer of the village to invest all funds under the control of the Treasurer in a manner, to the best of his or her ability, which will provide the highest investment return using authorized instruments while meeting the village’s daily cash flow demands and in conformance with all village and state statutes governing the investment of public funds. This policy shall apply to all investments entered into on or after the effective date of this subchapter.
(B) Until the expiration of investments made prior to the effective date of the policy, such investments shall continue to be governed by the policies in effect at the time such investments were made.
(Prior Code, § 2-313)