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R-0744-82 RESOLUTION NO. 744-82 A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO INVEST AND WITHDRAW FUNDS IN THE LOCAL GOVERNMENT SURPLUS FUNDS TRUST FUND. WHEREAS, Chapter 218, Part IV, Florida Statutes (1979) , constitutes the Investment of Local Government Surplus Funds Act, and WHEREAS, the State Board of Administration administers the Local Government Surplus Funds Trust Fund, and WHEREAS, the Miami Shores Village from time to time has funds on hand in excess of current needs, and WHEREAS, it is in the best interest of the Miami Shores Village and its citizens that funds be invested to return the highest yield consistent with proper safeguards, and WHEREAS, Section 218.407 (2) Florida Statutes (1979) , provides that utilization of the trust fund shall not impair the power of the Village to hold funds in its deposit accounts with banking institutions or to invest funds as otherwise authorized by law, and WHEREAS, the Finance Director and the Village Manager have recommended that the Finance Director have available this additional investment possibility when surplus funds become available. NOW, THEREFORE, BE IT RESOLVED Section 1: That the Finance Director is hereby authorized to invest surplus Village funds in the Local Government Surplus Funds Trust Fund. Such authorization includes the authority to transmit such funds to the State Board of Administration who is responsible for administration of the Fund and authorization to withdraw funds from the Fund in a manner prescribed by the State Board of Administration. Section 2: That this authorization shall be deemed to be a continuing authorization until such time as revoked by Resolution of the Village Council of Miami Shores Village. PASSED and ADOPTED this 21st day of September, 1982. ,r l ATTEST: Rob rt J. Lo Mayor Village Clerk /