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EXHIBIT C <br />Legal Investments for County Funds <br />Legal investments for County funds shall be subject to restrictions as may be imposed by law <br />(Section 2 18.415 of Florida State Statutes). Funds will only be invested in the following <br />securities: <br />Direct obligations of the United States Treasury; <br />2. State of Florida Local Government Surplus Funds Trust Fund (SBA); <br />3. Florida Local Government Investment Trust Fund (FLGJT); <br />4. Interest-bearing time deposits or savings accounts in qualified public depositories <br />as defined in Section 280.02, Florida Statutes; <br />5. Federal agencies and instrumentalities; <br />6. Securities of, or other interests in, any open-end or closed-end management -type <br />investment company or investment trust registered under the Investment Company <br />Act of 1940, 15 U.S.C. ss. 80a-1 et seq., as amended from time to time, provided <br />that the portfolio of such investment company or investment trust is limited to <br />obligations of the United States Government or any agency or instrumentality <br />thereof and to repurchase agreements fully collateralized by such United States <br />Government obligations, and provided that such investment company or <br />investment trust takes delivery of such collateral either directly or through an <br />authorized custodian; <br />7. Securities and Exchange Commission registered money market funds with the <br />highest credit quality rating from a nationally recognized rating agency; or <br />8. Repurchase agreements with a term of one year or less collateralized by direct <br />obligations of the United States Government which have maturities of three (3) <br />years or less and a market value 103% of the repurchase amount. <br />C-1 <br />