§ 2-92. Allocations.

Latest version.

The Town Official(s) designated as the town's authorized investment officer responsible for investment decisions and activities shall be the Town Mayor and/or Finance Director. The Town Official(s) will determine the allocation of resources between very liquid, short term investments such as overnight repurchase agreements, and longer term investments. The Town Official(s) will maintain sufficient funds in cash and short term investments to provide for the town's liquidity needs. In order to help ensure that adequate liquidity is available to the town, only securities with immediate available liquidity should be purchased.;hn0; (Ord. No. C-259, § 2, 12-4-95; Ord. No. C-411 , § 2, 5-2-2016)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');