Title 3 REVENUE AND FINANCE
Chapter 3.28 INVESTMENT POLICY
3.28.140 Performance standards.
The investment portfolio will be managed in accordance with
the parameters specified within the policy. The portfolio should obtain a market
average rate of return during a market and economic conditions of stable
interest rates. In general, the treasurer will strive to earn an average rate of
return consistent with the U.S. Treasury Bill rate of return for a given period
of time for the average weighted maturity of the village’s investments.
(Ord. 1999-14 § 1 (part), 1999)