Negotiable or brokered certificates of deposit issued by a nationally or state-chartered bank or savings and loan association.ġ3. Bonds, debentures, notes or other evidences of indebtedness that are denominated in United States dollars and that carry at a minimum an 'A' or better rating, at the time of purchase, from at least two nationally recognized rating agencies.ġ2.

All commercial paper must be issued by corporations organized and doing business in the United States.ġ1. Commercial paper of prime quality that is rated within the top two ratings by a nationally recognized rating agency. (b) A default in payment of principal or interest on the obligations to be purchased has occurred within five years after the date of investment, or, if the obligations were issued less than five years before the date of investment, a default in the payment of principal or interest has occurred on the obligations to be purchased or on any other obligation of the issuer within five years after the investment.ġ0. (a) The face value of all such obligations, and similar obligations outstanding, exceeds fifty percent of the market value of the real property, and if improvements on which the bonds or the assessments for the payment of principal and interest on the bonds are liens inferior only to the liens for general ad valorem taxes.

Bonds, notes or evidences of indebtedness issued by any county improvement district or municipal improvement district of any state to finance local improvements authorized by law, if the principal and interest of the obligations are payable from assessments on real property within the improvement district. Bonds, notes or evidences of indebtedness of any county, municipal district, municipal utility or special taxing district of any state that are payable from revenues, earnings or a special tax specifically pledged for the payment of the principal of and interest on the obligations, and for the payment of which a lawful sinking fund or reserve fund has been established and is being maintained, but only if a default in payment on principal or interest on the obligations to be purchased has not occurred within five years after the date of investment, or, if such obligations were issued less than five years before the date of investment, a default in payment of principal or interest has not occurred on the obligations to be purchased or any other obligations of the issuer within five years after the investment.ĩ. Bonds, notes or other evidences of indebtedness of this state or any of its counties, incorporated cities or towns, school districts or special taxing districts, including registered warrants, substitute checks, and electronic funds transfer vouchers that bear interest pursuant to section 11-635.Ĩ. Obligations issued or guaranteed by the United States or any of the senior debt of its agencies, sponsored agencies, corporations, sponsored corporations or instrumentalities.ħ. The pooled investment funds established by the state treasurer pursuant to section 35-326.Ħ. Repurchase agreements with a maximum maturity of one hundred eighty days.ĥ. Interest bearing savings accounts in banks and savings and loan institutions doing business in this state whose accounts are insured by federal deposit insurance for their industry, but only if deposits of more than the insured amount are secured by the eligible depository to the same extent and in the same manner as required under this article.Ĥ. Deposits in one or more federally insured banks or savings and loan associations placed in accordance with the procedures prescribed in section 35-323.01.ģ. Certificates of deposit in eligible depositories.Ģ. All public monies shall be invested in eligible investments. The treasurer shall invest and reinvest public monies in securities and deposits with a maximum maturity of five years.

Investment of public monies bidding security and other requirementsĪ. 35-323 - Investment of public monies bidding security and other requirementsģ5-323.

Public monies