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Delaware County Board of Finance adopts investment policy, flags ordinance for final-maturity option
Summary
The Delaware County Board of Finance voted to approve a written investment policy and directed final legal review; the policy includes an ethics/conflict-of-interest section and a optional "final maturity" provision that would require a separate county ordinance to implement under Indiana law.
The Delaware County Board of Finance on Oct. 20 adopted a written county investment policy and directed county legal counsel to complete a final review before formal publication.
The policy places the county’s investment management practices in writing, adds an ethics and conflict-of-interest section and includes a "final maturity" provision that would, if exercised, allow up to 25% of the county’s portfolio to be managed under that rule.…
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