To the extent possible, the city will match the term to maturity of its investments with anticipated cash flow requirements. Unless matched to a specific cash flow requirement, the city will not directly invest in securities maturing more than five years from the date of settlement.
(1974 Code, § 39.28) (Ord. 9-94, passed 5-2-1994; Am. Ord. 11-19, passed 5-6-2019)