§ 2-2-9 POLICY.

(A) Exemption. Any investment currently held that does not meet the guidelines of this policy shall be exempted from the requirements of this policy. At maturity or liquidation, such monies shall be reinvested only as provided by this policy.

(B) Policy review. The investment policy shall be reviewed annually by the Investment Committee. A recommendation will be made periodically to the Town Council for any proposed changes to the investment policy.

(Ord. 3(1997) § 1; Ord. 24(2016) § 13)

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