Laserfiche WebLink
EXHIBIT B <br />Legal Investments for County Funds <br />Legal investments for County funds shall be subject to restrictions as may be imposed by law (Section 2 <br />18.415 of Florida State Statutes). Funds will only be invested in the following securities: <br />1. 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 as <br />defined in Section 280.02, Florida Statutcs; <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 Act of <br />1940, 15 U.S.C. ss. 80a-1 ct seq., as amended from time to time, provided that the <br />portfolio of such investment company or investment tntst is limited to obligations of the <br />United States Government or any agency or instrumentality thereof and to repurchase <br />agreements fully collateralized by such United States Government obligations, and <br />provided that such investment company or investment trust takes delivery of such <br />collateral either directly or through an authorized custodian; <br />7. Securities and Exchange Commission registered money market funds with the highest <br />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) years or <br />less and a market value 103% of the repurchase amount. <br />M <br />