3.08.100 Portfolio composition.
This section is included in your selections.
At any one time the aggregate investment portfolio of the borough may be composed of:
A. Not less than 10 percent invested in United States Treasury debt instruments;
B. Not more than 30 percent invested in corporate debt securities, with a five percent maximum for a single issuer;
C. Not more than 10 percent invested in commercial paper or banker’s acceptances, with a five percent maximum for a single issuer;
D. Not more than 50 percent invested in repurchase agreements, money market mutual funds, or common investment pools. (Ord. 07-08-164 § 4)