Bill > H0669

This bill amends Florida Statutes section 218.415 to modify local government investment policies, specifically prohibiting local governments from requiring minimum bond ratings for certain investments. The bill focuses on investments authorized under paragraph (16)(f), which appears to relate to Israeli bonds, and prevents local governments from mandating specific bond ratings for these investments. The change is part of the broader statutory framework governing local government investment policies, which already prioritize safety of principal and liquidity of funds over investment returns. By removing the potential requirement for minimum bond ratings, the bill aims to provide local governments with more flexibility in their investment decisions regarding these specific financial instruments. The amendment will take effect on July 1, 2025, giving local governments time to adjust their investment policies accordingly. The bill continues the existing requirement that investment policies must be structured to prioritize the safety of principal and liquidity of funds, while allowing for a broader range of investment options without restrictive rating requirements.

Budget and Finance, Government Affairs

Intergovernmental Affairs Subcommittee (H), State Affairs Committee (H)

https://www.flsenate.gov/Session/Bill/2025/669