WHEREAS, Tennessee Code Annotated, Section 9-1-107 authorizes counties to deposit or invest funds in the local government investment pool under the provisions of Tennessee Code Annotated, Sections 9-4-701 et seq.; and,
WHEREAS, the county legislative body may delegate revocable investment authority to the financial officer charged with custody of the funds of the county, who shall thereafter assume full responsibility for transactions with the local government investment pool;
NOW, THEREFORE BE IT RESOLVED, by the county legislative body of _______County, meeting in __________ session in____________ Tennessee, on this _____ day of _______________, 20___, that:
SECTION 1. Pursuant to Tennessee Code Annotated, Section 9-1-107, the county trustee is hereby authorized to assume full responsibility for transactions with the local government investment pool.
SECTION 2. This Resolution shall take effect upon adoption, the public welfare requiring it.
Adopted this ________ day of __________________, 20___.
APPROVED:
___________________________________
County Executive
ATTEST:
___________________________________
County Clerk
