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File #: BF-180 CC 18-371    Version:
Type: County Communication Status: Agenda Ready
File created: 10/20/2018 In control: Budget and Finance Committee
On agenda: 11/13/2018 Final action:
Title: AMENDING SECTION 3.08.040, MAUI COUNTY CODE, RELATING TO INVESTMENT POLICY (BF-180)
Attachments: 1. County Communication 18-371.pdf, 2. Correspondence to Counsel 10-24-2018, 3. Revised proposed bill from Corp Counsel 10-24-2018, 4. Correspondence to Corp Counsel 11-14-2018, 5. Revised proposed bill from Corp Counsel 11-14-2018
Related files: CR 18-204
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Title

AMENDING SECTION 3.08.040, MAUI COUNTY CODE, RELATING TO INVESTMENT POLICY  (BF-180)

 

Description

The Committee is in receipt of County Communication 18-371, from the Director of Finance, transmitting a proposed bill entitled “A BILL FOR AN ORDINANCE AMENDING SECTION 3.08.040, MAUI COUNTY CODE, RELATING TO INVESTMENT POLICY.”  The purpose of the proposed bill is to amend Section 3.08.040, Maui County Code, relating to the investment policy for County investments, by removing the phrase, “through the adoption of administrative rules in accordance with Chapter 91, Hawaii Revised Statutes, or ordinance,” as the means by which the Director of Finance shall establish a policy on County investments.

 

Status

The Committee may consider whether to recommend passage of the proposed bill on first reading, with or without further revisions.  The Committee may also consider the filing of County Communication 18-371 and other related action.