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 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 has been deferred twice by the Intergovernmental and Economic Impact Committee, with the latest deferral to no date certain on 3/11/2026, at the request of Sponsor Sen. Rene Garcia.