HomeMy Public PortalAbout1992-44 Transmit surplus funds to U.S. Government Advisory Program for Florida Local GovernmentA RESOLUTION OF THE VILLAGE OF KEY BISCAYNE, FLORIDA;
AUTHORIZING THE VILLAGE MANAGER OR HIS DESIGNEE TO
TRANSMIT SURPLUS FUNDS TO THE U.S. GOVERNMENT ADVISORY
PROGRAM FOR FLORIDA LOCAL GOVERNMENT FOR INVESTMENT AND
TO WITHDRAW SURPLUS FUNDS FROM THE U.S. GOVERNMENT
ADVISORY PROGRAM FOR FLORIDA LOCAL GOVERNMENT UPON NOTICE
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village of Key Biscayne from time to time has
funds on hand in excess of current needs ("Surplus Funds");. and
WHEREAS, it is in the best interest of the Village that
Surplus funds be invested to return the highest yield consistent
with proper safeguards;
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the V!"age '_age Manager or his designee is hereby
authorized to ;-ransrrit Surplus Funds to the U.S. Government
Advisory Program for Florida Local Government to be invested
according to applicable laws of the State of Florida consistent
with the needs of the Village. Such authorization includes
authority to withdraw Surplus Funds from the U.S. Government
Advisory Program for Florida Local Government by giving timely
notice and appropriate confirmation.
Section 2. That this authorization shall be continuing in
nature until revoked by the Village.
Section 3. Effective Date. This resolution shall become
effective upon adoption.
PASSED AND ADOPTED this
day of Ageet, 1992.
CONTE, MAYOR
Attest:
VILLAGE LERK
Appro ed as to Legal Sufficiency: