3.08.080 Authorized investments.
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)