Legislative Matter

Miami-Dade Legislative Item
File Number: 252453

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File Number: 252453

File Type: Resolution

Status: In Committee

Version: 0

Reference:

Control: Intergovernmental and Economic Impact Committee

File Name: AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY

Introduced: 12/15/2025

Requester: NONE

Cost:

Final Action:

Agenda Date:

Agenda Item Number: 11A

Notes:

Title:

RESOLUTION AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY TO MODIFY THE COMPOSITION OF CERTAIN AUTHORIZED INVESTMENTS TO REFLECT CHANGES IN STATE LAW AND TO UPDATE CERTAIN REFERENCES

Indexes:	POLICY
	INVESTMENT

Sponsors:

Sen. Rene Garcia, Prime Sponsor

Sunset Provision: No

Effective Date:

Expiration Date:

Registered Lobbyist:

None Listed

Legislative History
Acting Body	Date	Agenda Item	Action	Sent To	Due Date	Returned	Pass/Fail

Intergovernmental and Economic Impact Committee	3/11/2026	2A	Deferred
REPORT:	The foregoing proposed resolution was deferred to no date certain with the setting of the agenda.

Office of the Chairperson	3/6/2026		Deferrals
REPORT:	Senator Rene Garcia has requested a deferral to no date certain.

Intergovernmental and Economic Impact Committee	2/4/2026	2A	Deferred		3/11/2026

Office of the Chairperson	2/3/2026		Deferrals
REPORT:	Senator Rene Garcia has requested deferral of this item to the March 11, 2026 Intergovernmental and Economic Impact Committee.

County Attorney	12/17/2025		Assigned	Juliette Antoine		12/18/2025

Legislative Text

TITLE
RESOLUTION AMENDING THE MIAMI-DADE COUNTY INVESTMENT POLICY TO MODIFY THE COMPOSITION OF CERTAIN AUTHORIZED INVESTMENTS TO REFLECT CHANGES IN STATE LAW AND TO UPDATE CERTAIN REFERENCES

BODY
WHEREAS, section 218.415, Florida Statutes, authorizes local governments to invest public funds in accordance with a written investment plan adopted by the governing body; and
WHEREAS, this Board adopted a written investment policy for the investment of the County�s public funds pursuant to Resolution R-1074-04 as amended by Resolution Nos. R-31-09, R-367-16, and R-1181-20, setting forth the County�s investment objectives, strategies, and authorized securities as authorized by section 218.415, Florida Statutes (the �Investment Policy�); and
WHEREAS, in accordance with section 28.33, Florida Statutes, the County�s Investment Policy is administered by the County Clerk and Comptroller who serves as the custodian of County funds; and
WHEREAS, the County�s Investment Policy currently allows for the investment in bonds backed by the full faith and credit of the government of Israel with an �A� rating or above or equivalent rating by at least two accredited ratings agencies, which is consistent with the version of section 218.415, Florida Statutes, in effect when the Investment Policy was last updated; and
WHEREAS, since then, section 218.415, Florida Statutes, was amended to allow for investment in both rated and unrated bonds, notes, or instruments backed by the full faith and credit of the government of Israel thereby no longer requiring that such bonds have an �A� rating or above or equivalent rating; and
WHEREAS, this Board finds that it is prudent to amend the County�s Investment Policy to modify its composition consistent with recent changes in state law; and
WHEREAS, this Board also wishes to update certain references in the Investment Policy necessitated by the County�s transition to independent constitutional county offices following Amendment 10,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that this Board incorporates the foregoing recitals and hereby amends the Miami-Dade County Investment Policy in the manner set forth in Attachment �A�.