The town's investment portfolio shall be diversified by institution, investment instruments and maturity schedule to the extent practical and prudent. Maturities shall be time diversified over a schedule determined by known liability to achieve target duration or weighted average maturity for the portfolio based on the judgment of the Investing Officer.
(Ord. 2023-49, passed 12-18-2023; Ord. 2024-13, passed 5-20-2024)