AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

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

Miami-Dade County is considering amendments to its Investment Policy. The proposed changes aim to modify the composition of authorized investments, remove the requirement for Board approval before investing in the Local Government Surplus Fund Trust Fund, and update references to clarify the roles of the County Clerk and Comptroller. These amendments are intended to 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 to adjust investment percentage thresholds based on consultation with the County's investment advisor, Hilltop Securities Inc. The changes also address updates necessitated by the County's transition to independent constitutional county offices. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners (BCC) with a favorable recommendation on July 15, 2026.