Laserfiche WebLink
<br />7. Portfolio Composition <br /> <br />Federal Agencies may comprise 100% of the portfolio. <br /> <br />8. Limits on Individual Issuers <br /> <br />A maximum of 100% of the p011folio may be invested 111 <br />anyone Federal Agency. <br /> <br />9. Maturity Limitations <br /> <br />The maximum expected average life for an investment 111 <br />Federal Agency securities is five (5) years. <br /> <br />D. Non-negotiable Interest Bearing Time Certificates of Deposit <br />(CDs) <br /> <br />I O.Authority to Purchase <br /> <br />The Finance Director or the investment adviser/manage may <br />invest in non-negotiable interest-bearing time certificates of <br />deposit or savings accounts in state or federal banks, state or <br />federal savings and loan associations as permitted and/or <br />prescribed by Chapter 280 of the Florida Statute. <br /> <br />2. Portfolio Composition <br /> <br />A maximum of 50% of the portfol io may be invested in non- <br />negotiable CDs. <br />3. Limits on Individual Issuers <br /> <br />a. All issues must be approved as "Qualified Public <br />Depositories" by the State of Florida, as required by the <br />Florida Security for Public Deposits Act Chapter 280, <br />Florida Statutes. <br /> <br />b. A maximum of 50% of the portfolio may be invested <br />with a maximum maturity of 5 years from date of <br />purchase. <br /> <br />Page 7 of]2 <br />