This subchapter sets forth the investment policy of the city. This statement of investment policy, objectives and guidelines (the “investment policy”) applies to the investment of funds received from the sale of the water and wastewater assets to Citizens Energy Group. The Common Council of the city (the “Council”) is responsible for fiduciary oversight of these invested funds. The Council has approved this investment policy in furtherance of its goal to meet the investment objectives listed in § 37.092.
(Prior Code, § 2-531) (Ord. 13-33, passed 12-9-2013)
Editor’s note:
This subchapter expired on December 9, 2017.