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2 <br />more than twenty-five percent (25%) of the total portfolio of public funds <br />invested by the City, including balances in transaction accounts. <br />2. Pursuant to Indiana Code § 5-13-9-5, the City Controller is authorized to <br />invest in certificates of deposit of certain depositories, as defined by and <br />subject to the requirements of Indiana Code § 5-13-9-5, which authorization <br />will expire on December 13, 2022. <br />3. Pursuant to Indiana Code § 5-13-9-5.3, the City Controller is authorized to <br />invest in interest bearing deposit accounts that satisfy the conditions stated <br />in Indiana Code § 5-13-9-5.3(b). <br />SECTION II. That portion of the City’s investment policy contained in Subparts (1) and <br />(3) of Section I of this ordinance shall be effective from January 1, 2022 through December 31, <br />2022, unless earlier amended by ordinance. The City’s investment policy as contained in Section <br />1, Subpart 2 of this ordinance affecting certificates of deposit shall be effective for a period of <br />one year from its adoption by this Council expiring December 13, 2022 unless earlier amended <br />by ordinance. This ordinance is further conditioned upon adoption by the Common Council and <br />approval by the Mayor. <br /> <br />Sharon L. McBride, Vice-President <br />South Bend Common Council <br />Attest: <br /> <br />City Clerk <br />Presented by me to the Mayor of the City of South Bend, Indiana on the day <br />of <br /> , 2 , at o'clock . m. <br />____________________________ <br /> City Clerk <br />Approved and signed by me on the day of , 2 , at o'clock <br />__. m.