As used in this subchapter, “eligible investment securities” means: (1) A direct or guaranteed obligation of the United States that is backed by the full faith and credit of the United States Government; (2) A direct obligation of an agency, instrumentality, or government-sponsored enterprise created by act of the United States Congress and authorized to […]
This subchapter does not repeal any prior legislation or affect any statute pertaining to the conversion of funds of public officials and agencies into investments authorized under this subchapter but is supplemental to present law and confers additional powers.
(a) This subchapter does not affect the power of counties, municipalities, improvement districts, and other public bodies to make a deposit of funds in the form of a demand deposit, a savings deposit, or a time deposit as authorized by law. (b) The adoption of this subchapter does not affect or impair the power of […]
(a) (1) With the approval of the county or municipal depository board, a treasurer may convert any funds in the treasurer’s possession or under the treasurer’s control and not presently needed for other purposes into one (1) or more of the following investments: (A) Eligible investment securities having a maturity of not longer than five […]
(a) (1) A city that has real property assessed valuation in excess of three hundred million dollars ($300,000,000) may invest the city’s funds in securities under § 23-47-401 and according to the investment policy adopted by the governing body of the city. (2) The investment policy adopted by the city’s governing body may authorize a […]
