Chapter 2.80
INVESTMENT COMMITTEE

Sections:

2.80.010    Established – Composition – Operation.

2.80.010 Established – Composition – Operation.

Pursuant to RCW 35.39.032, there is created a committee which shall consist of the mayor, the finance officer and one other councilman who shall be appointed by and serve at the pleasure of the mayor. The committee shall determine the amount of money available in each fund for investment purposes and make the investments authorized in RCW 35.39.030 and RCW 35.39.034 without the consent of the legislative authority for each investment. The finance officer and/or the committee shall make a monthly report of all investment transactions to the city council. (Ord. 1153 § 1, 1981)