§ 5.10.060. Diversification.

Latest version.

Borough investments shall be diversified to minimize the risk of loss resulting from over concentration of investments in a specific maturity, a specific issuer, a specific class of security or a specific financial institution. Investments will be diversified to maintain a degree of liquidity. The finance director shall adopt administrative procedures to implement this section.

(Ord. No. 89-7, § 1(part), 1989)

                    
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