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On MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Eggert, the Board unanimously <br />approved staff's recommendation to authorize <br />correspondence with the Florida Association of <br />Counties (FACo) to challenge the law on a <br />statewide level. <br />INVESTED SECURITIES - EWESTAIENT PLAN <br />Chairman Macht reminded the Board of their direction to staff <br />to draft a resolution supporting Escambia County's position on <br />asking the Legislature not to prohibit investors who own <br />stocks, bonds, or other securities from using the federal courts to <br />recover money if they are defrauded. <br />He briefly reviewed the following announcement and Chapter 95- <br />194 of the Florida Statutes: <br />r—n-as, u�rs <br />c-mrnissiorers _A -0, - <br />Administrator — William C. Weaver, Ph.D. & Associates <br />F ttcrn�r . _ 1�g�Q 111213��,s <br />persa��nsl -UNIVERSITY OF CENTRAL FLORIDA W01kS <br />rO <br />Cammijnity Gev. _ —• COLLEGE OF BUSINESSt % <br />I. <br />titiiiti83 ✓ ORLANDO, FLORIDA 32816- 1400 M ;� <br />407/823-5313 Qi <br />01;11! <br />Er1e19. Sety. <br />;•,;i:r- ._�i}g; governor Chiles signed into law a bill requiring every city, county <br />constitutional officer and school district in the state to produce a written <br />investment plan outlining their investment policies together with an annual <br />investment report for the public. The law becomes effective on October 1, <br />1995. We can provide you with a plan that meets these new requirements and <br />that is customized to your individual needs, investment horizon and risk <br />preferences. We also provide an "annual report template" that you can use to <br />produce your annual reports by merely adding appropriate numbers using your <br />own word processor!' <br />We are members of the Department of Finance, College of Business, of the <br />University of Central Florida (UCF) and we have extensive experience with <br />both public and private investment planning and consulting. We have completed <br />similar work for individuals, companies, cities, counties and the State, on time <br />65 <br />July 18, 1995 �uoK �5 FAGr 765 <br />