AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

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

Miami-Dade County is amending its Investment Policy. The changes include modifying the composition of authorized investments, removing the requirement for Board approval before investing in the Local Government Surplus Fund Trust Fund, and updating references to clarify the roles of the County Clerk and Comptroller. The amendment aligns the policy with recent changes in Florida Statutes regarding investments in bonds backed by the full faith and credit of the government of Israel, allowing for both rated and unrated instruments. The policy will also adjust percentage thresholds for various investments in consultation with investment advisor Hilltop Securities Inc. to ensure liquidity, minimize market exposure, and preserve principal. These changes are necessitated by amendments to section 218.415, Florida Statutes, and the county's transition to independent constitutional county offices.