Investment committee.

New Orleans City Code § 70-606

in effect

Sec. 70-606. - Investment committee. The director of finance shall establish an investment committee consisting of the chief administrative officer or his designated representative, the director of finance, the city treasurer, and the assistant city treasurer. The committee shall meet periodically, but at least annually at the call of the director of finance to determine general investment strategies, monitor portfolio results, ensure the adequacy of maturity restrictions, and perform other duties as may be assigned by the director of finance. Further, the committee will adopt this investment policy and may establish its own rules of procedure to modify, enhance or otherwise change this policy as directed by circumstances then prevailing. The committee shall be responsible for oversight of the relationship between the city and its investment managers and reviewing the investment manager's performance on a regular basis. The director of finance will monitor the investment manager's compliance with city investment policies, communicate any changes in the city's investment policies to the investment managers, and report all transactions to the city's accounting bureau. (M.C.S., Ord. No. 18,621, §§ 1, 2, 2-5-98)

Source: City of New Orleans, Code of Ordinances and Home Rule Charter (Municode Library, library.municode.com)URL: https://library.municode.com/la/new_orleans/codes/code_of_ordinances?nodeId=PTIICO_CH70FI_ARTVIINPO_S70-606INCOFetched: 10/28/2026