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OLD: <br />1. Page 4, Section IX — Authorized Investment Institutions and Dealers <br />B. Proof of Financial Industry Regulatory Authority certification <br />NEW: <br />2. Page 4, Section IX — Authorized Investment Institutions and Dealers <br />B. Proof of Financial Industry Regulatory Authority certification, unless the broker falls under the <br />classification of a "bank dealer", and then must provide a company letter stating such. <br />OLD: <br />1. Page 5, .Section XII — Bid requirements <br />A minimum of three (3) bids will be obtained. <br />NEW: <br />2. Page 5, Section XII — Bid requirements <br />A minimum of three (3) bids will be obtained. A broker's response that they are unable to bid on <br />the investment can be counted as one of the required bids. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners accept the Cash and Surplus Investment Policy <br />changes. Attached is a complete policy with the recommended changes. <br />35 <br />