City of Spokane

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Title 07
Chapter 07.15
Section 07.15.020
 

Title 07 Finance

Chapter 07.15 City Investment Committee

Section 07.15.020 Investment Policy

  1. The City Council reviews and approves the City of Spokane Investment Policy. The City of Spokane Investment Policy, at a minimum, includes:

    1. scope of the policy,

    2. investment objectives,

    3. authorized investments,

    4. safekeeping and custody,

    5. diversification and maturity restrictions,

    6. authorization for making investments, and

    7. “prudent person” standard for investments.

  2. At no time shall a City of Spokane public fund acquire direct holdings in securities of a fossil fuel company as defined in SMC 07.15.005(B).

Date Passed: Monday, February 1, 2016

Effective Date: Wednesday, March 16, 2016

ORD C35355 Section 3

April 29, 2024