§ 2-317. Training requirement.

The city manager must attend at least one investment training session within 12 months of assuming the investment responsibilities. The city manager must attend at least ten hours of training every succeeding two years, as required by the Public Funds Investment Act. The investment training session shall be provided by an independent source approved by the city council. For purposes of this policy, an independent source from which investment training shall be obtained shall include a professional organization, an institute of higher learning or any other sponsor other than a business organization with whom the city may engage in an investment transaction.

(Ord. No. 582, § 6, 3-16-1998; Ord. No. 582-A, § I(6), 7-15-2002)