AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

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

This legislative matter concerns a resolution to amend the Miami-Dade County Investment Policy. The proposed 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 changes in Florida Statutes regarding investments in bonds backed by the full faith and credit of the government of Israel, removing the previous rating requirement. It also adjusts percentage thresholds for various investments in consultation with the County's investment advisor, Hilltop Securities Inc., to ensure liquidity, minimize market exposure, and preserve principal. The changes are also necessitated by the County's transition to independent constitutional county offices. The resolution is currently in committee.