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GFOA's new model investment policy.

Government Finance Review

| December 01, 2003 | Saddler, Michelle R.B. | COPYRIGHT 2003 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Since the first edition of GFOA's Investing Public Funds, "investment policy" has become a commonly used term of art in state and local government. An investment policy is a set of guidelines used by public agencies and others to prudently manage their investments. A disquieting history of losses in the public funds arena--and a strong sense of foresight--motivated author Girard Miller and GFOA's Committee on Cash Management to first develop guidance for government finance officers charged with investing their communities' financial assets.

Investing Public Funds provided the first known "sample" investment policy for government investors. In response to a series ...

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Source: HighBeam Research, GFOA's new model investment policy.

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