Investment of Funds.
Tampa City Charter, art. VII, § 7.10
in effectSection 7.10. - Investment of Funds.
The director of finance with the consent and approval of the mayor is authorized to invest any funds of the city in any manner allowed by F.S. § 215.47 [as it may be amended from time to time], with the exception, that the city may not invest in mortgage securities which represent participation in, or are collateralized by, mortgage loans secured by real property. The city is also authorized to invest in United States Government or United States Treasury bonds, certificates, notes or bills, or may arrange interest time deposits with the depositories of the city, and; the interest derived from such investments or deposits shall accrue as revenue to the general fund of the city. Furthermore, city may invest in special funds for which the city is required by agreement or by law to credit such special funds with interest on its invested balances.
(Ord. No. 2018-129, § 17, 8-23-18, election of 3-5-19)
Source: City of Tampa, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/tampa/codes/code_of_ordinances?nodeId=CHRELA_PTACH_ARTVIIFI_S7.10INFUFetched: 10/28/2026