The Treasurer is authorized to invest in the following types of investments subject to the provisions as provided in § 32.02(L) of this code of ordinances:
(A) General obligation securities of the United States of America or the state;
(B) Interest bearing savings accounts, certificates of deposit and time deposits in any bank where such investments are insured in the Federal Deposit Insurance Corporation and the Federal Savings and Loan Insurance Corporation;
(C) Short-term discount obligation of the Federal National Mortgage Association; and
(D) Money market mutual funds registered under the Investment Company Act of 1940, being 15 U.S.C. §§ 80a-1 through 80a-64, as from time to time amended; provided that, the portfolio of any such money market mutual fund is limited to bonds, notes, certificated of indebtedness, treasury bills or other securities now or hereafter issued which are guaranteed by the full faith of the United States of America as to principal and interest, and including agreements to repurchase such obligations.
(Prior Code, § 2-313)