The purpose of this subchapter is to establish an investment and deposit policy ("policy") for the town. The policy is to provide investment objectives and guidelines for the management of public funds, to safeguard public funds on behalf of the town, to assure the availability of funds when needed, to encourage investments that earn a competitive rate of return, and at all times, invest according to and consistent with state law, I.C. 5-13-9 et seq. as amended and I.C. 5-13-6-1 et seq. as amended.
(Ord. 2023-49, passed 12-18-2023; Ord. 2024-13, passed 5-20-2024)