Bill > S1674

This bill modifies Florida's local government investment policies by prohibiting local governments from mandating minimum bond ratings for certain investments specifically referenced in paragraph (16)(f) of the existing statute. Under current law, local governments must adopt written investment policies that prioritize the safety and liquidity of public funds, with investment return optimization considered secondarily. The proposed change prevents local government bodies from requiring minimum bond ratings for a specific category of authorized investments, which could potentially provide more flexibility in investment choices. This modification appears intended to give local governments more discretion in selecting investment instruments without being constrained by mandatory rating requirements. The bill will take effect on July 1, 2025, allowing local governments time to adjust their investment policies accordingly. By removing the bond rating requirement for certain investments, the bill may enable local governments to consider a broader range of investment options that might previously have been excluded due to rating constraints.

Budget and Finance

Community Affairs (Senate)

https://www.flsenate.gov/Session/Bill/2025/1674