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The reserve assets of the borough may be invested in the following types of securities and investments:

A. Repurchase agreements, as restricted by HBC 3.08.090(F);

B. United States Treasury securities;

C. Debt securities of agencies and instrumentalities of the United States and debt securities of federally chartered corporations backed by the implicit good faith and credit of the United States government;

D. Corporate debt securities, as restricted by HBC 3.08.090(D);

E. Commercial paper, as restricted by HBC 3.08.090(C);

F. Banker’s acceptances;

G. Certificates of deposit, as restricted by HBC 3.08.090(G);

H. Debt securities of state and local governmental entities, as restricted by HBC 3.08.090(D);

I. Debt securities of the borough;

J. Money market mutual funds, as restricted by HBC 3.08.090(H);

K. Shares of the Alaska Municipal League investment pool. (Ord. 07-08-164 § 4)