Resolution 196-1985
County Commission
RESOLUTION NO. 196-1985
A RESOLUTION AUTHORIZING THE CLERK OF THE BOARD
OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA,
TO INVEST FUNDS ON HAND IN EXCESS OF CURRENT NEEDS
TO RETURN THE HIGHEST YIELD CONSISTENT WITH PROPER
SAFEGUARDS.
WHEREAS, the Monroe County Board of County Commissioners
from time to time has funds on hand in excess of current needs,
and
WHEREAS, it is in the best interest of Monroe County and its
inhabitants that funds be invested to return the highest yield
consistent with proper safeguards, now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, as follows:
1. That the Clerk of the Board of County Commissioners of
Monroe County, Florida, be and he is hereby authorized to
transmit such funds to the State Board of Administration to be
invested according to applicable laws of the State of Florida
consistent with the needs of Monroe County. Such authorization
includes authority to withdraw funds from State Board of Admini-
stration by giving timely notice and confirmation by letter.
2. That this authorization shall be continuing in nature
until revoked by the Board of County Commissioners of Monroe
County, Florida.
THIS RESOLUTION INTRODUCED AND ADOPTED by the Board of
County Commissioners of Monroe County, Florida, at a regular
meeting of said Board held on the 2nd day of July, A.D. 1985.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
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BY.~~:;O:-;;~ ~ ~
(SEAL)
Attest =nANNX L. KOLHAGE, Clerk
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BY