AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

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

This legislative item, File Number 261175, is 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 is necessitated by changes in Florida Statutes (section 218.415) regarding investments in bonds backed by the government of Israel, and by the county's transition to independent constitutional county offices. The policy will be updated in consultation with the county's investment advisor, Hilltop Securities Inc., to ensure liquidity needs, minimize market exposure, and preserve principal. The resolution is currently 'In Committee'.