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 certain 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 policy will be updated to align with changes in Florida Statutes regarding investments in bonds backed by the government of Israel, allowing for both rated and unrated instruments. The amendment 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. These changes are necessitated by recent amendments to state law and the County's transition to independent constitutional county offices.