§ 42-2. Objectives.

Latest version.

The primary objectives of the local government's investment activities are, in priority order:

A.
To conform with all applicable federal, state and other legal requirements (legal);

B.
To adequately safeguard principal (safety);

C.
To provide sufficient liquidity to meet all operating requirements (liquidity); and

D.
To obtain a reasonable rate of return (yield).

                    
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