15-2110. Authorized investments of fund
monies


A. The monies in either the impact aid revenue bond building fund or debt service
fund may be invested and reinvested at the direction of the governing board in any of the
investments authorized by section 15-2062.


B. The purchase of the securities shall be made by the county treasurer or the
treasurer's designated agent on authority of a resolution of the governing board. The
county treasurer shall act as custodian of all securities purchased. The securities may
be sold on an order of the governing board.