This subchapter shall be in effect upon adoption and publication as required by I.C. 5-13-9-5.7. The policy established under this subchapter shall be in effect for one year after the date this subchapter is adopted and shall expire one year after the adoption date (“expiration date”). This subchapter shall be reviewed and re-adopted annually, pursuant to I.C. 5-13-9-5. Investments made in accordance with this policy that are outstanding on or after the expiration date remain valid investments and nothing herein shall be construed to render such investments improper or unlawful.
(Ord. 2023-49, passed 12-18-2023; Ord. 2024-13, passed 5-20-2024)