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. These amendments align the policy with recent changes in Florida state law (Section 218.415, Florida Statutes) regarding investments in bonds backed by the government of Israel, and adjust percentage thresholds for various investments in consultation with the County's investment advisor, Hilltop Securities Inc. The policy administration is handled by the County Clerk and Comptroller. The matter was forwarded to the Board of County Commissioners (BCC) with a favorable recommendation by the Intergovernmental and Economic Impact Committee.