AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

Intergovernmental and Economic Impact Committee · 2026-07-15 · resolution

This legislative item, File Number 252453, is a resolution to amend the Miami-Dade County Investment Policy. The proposed changes aim to modify the composition of certain authorized investments to align with recent updates in Florida State Law (specifically Section 218.415, Florida Statutes) and to update references due to the transition to independent constitutional county offices. The policy currently requires bonds backed by the full faith and credit of the government of Israel to have an 'A' rating or above, but the state law amendment now allows investment in both rated and unrated bonds from Israel. The resolution was introduced on 12/15/2025 and sponsored by Sen. Rene Garcia. It has been deferred twice by the Intergovernmental and Economic Impact Committee, most recently on 3/11/2026 to no date certain.