The county will diversify its investments to control the risk of loss resulting from over-concentration of assets in a specific issuer, instrument or dealer. With the exception of U.S. Treasury securities, certificates of deposit and authorized pools (The South Carolina Local Government Investment Pool), no more than 50% of the county’s total investment portfolio will be invested in a single security type or with a single financial institution.
(‘77 Code, § 8-95) (Ord. 1592, passed 3-16-92)