Whenever the funds of the city exceed the amount for which the various city depositories
have given securities as provided in sections 2-1614 or there are surplus or reserve funds which, in the judgment of the director of finance,
should be invested, the director of finance, or his/her designee, is authorized to
invest such idle funds of the city in accordance with state law, the city's Charter
and Code of Ordinances, and the city's investment policy.
(Ord. No. 070744, § 1, 7-19-07)
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