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Fr,- -7 AUG 11989, Poor 7 7 4 64 For the past few bond issues that have been done by the Board, the Ordinances and Resolutions that were adopted authorizing the bond issues defined "Authorized Investments" as.those investments specified in Section 125.31, Florida Statutes, as amended. I would like to have the attached resolution adopted by the Board in order to provide more consistency with Section 125.31, Florida Statutes and other Ordinances and Resolutions that have been adopted by the Board. ON MOTION by Commissioner Bird, SECONDED by Commis- sioner Scurlock, Commissioner Bowman being absent, the Board unanimously (4-0) adopted Resolution 89-76 authorizing the investment of surplus funds as pro- vided by Florida Statutes 125.31. RESOLUTION NO. 89- 76 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE INVESTMENT OF SURPLUS FUNDS, AS PROVIDED BY FLORIDA STATUTES §125.31. WHEREAS, Indian River County from time to time has funds on hand in excess of current needs; and WHEREAS, it is in the best interest of the citizens of Indian River County that funds be Invested In such a manner as to yield the highest return possible consistent with proper safeguards for the handling of government funds; and WHEREAS, It is necessary for the Board of County Commissioners to authorize the investment of surplus County funds to achieve the maximum public benefit by insuring that said funds earn the hiohest interest allowable while deposited in prudent and safe investments, securities, and Institutions, NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that: 1. For the purposes of this resolution the term "surplus funds" is defined as funds in any general or special account or fund of Indian River County held or controlled by the County Commissioners or the Clerk to the 22