HomeMy WebLinkAboutMO # 699MUNICIPAL ORDER NO. (,07g
A MUNICIPAL ORDER ADOPTING AN INVESTMENT POLICY FOR
THE CITY OF PADUCAH PURSUANT TO KRS CHAPTER 66.480
WHEREAS, during the 1994 regular session, the
Kentucky General Assembly enacted Senate Bill 199 which amended
KRS 66.480, regulating the investment of public funds by local
governments, thereby requiring each local government to adopt a
written investment policy to govern the investment of its
funds; and
WHEREAS, this legislation requires every local
government to adopt this written investment policy by January
1, 1995.
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. The City of Paducah hereby adopts a City
of Paducah Investment Policy pursuant to the provisions of KRS
66.480, which Statute was amended by Senate Bill 199 of the
1994 Kentucky General Assembly. A copy of this policy is
attached hereto and incorporated by reference as if fully set
out herein.
SECTION 2. This Order shall be in full force and
effect from and after the date of its adoption.
ATTEST:
ty Clerk
Adopted by the Board of Commissioners December 27, 1994
Recorded by Lenita Smith, City Clerk, December 27, 1994
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