City of Albuquerque - File #: O-19-87

• File #: O-19-87
• Type: Ordinance
• Status: Enacted
• File created: 11/18/2019
• In control: City Council
• Final action: 12/16/2019
• Enactment date: 1/22/2020
• Enactment #: O-2020-001
• Title: Amending Certain Provisions In Section 4-1-1 Et Seq., ROA 1994, The Fiscal Agent Ordinance, To Add The Chief Financial Officer As A Member Of The Investment Committee, And To Update The Types Of Investments Allowed For Cash Balances Not Required For Immediate Disbursement To Ensure This Ordinance Coincides With Recently Enacted Statutory Amendments Pertaining To Investments Of Cash Balances Not Required For Immediate Disbursement (Pe?a, by request)

Date	Action By	Action	Result
1/22/2020	City Clerk	Published
1/10/2020	Mayor	Signed by the Mayor
12/31/2019	City Council	Sent to Mayor for Signature
12/16/2019	City Council	Accepted with a Recommendation Do Pass (Immediate Action)
12/16/2019	City Council	Passed	Pass
12/9/2019	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
12/9/2019	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass	Pass
11/18/2019	City Council	Introduced and Referred
11/18/2019	President	Referred

CITY of ALBUQUERQUE
TWENTY THIRD COUNCIL


COUNCIL BILL NO. O-19-87 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa J. Pe?a, by request


ORDINANCE
title
Amending Certain Provisions In Section 4-1-1 Et Seq., ROA 1994, The Fiscal Agent Ordinance, To Add The Chief Financial Officer As A Member Of The Investment Committee, And To Update The Types Of Investments Allowed For Cash Balances Not Required For Immediate Disbursement To Ensure This Ordinance Coincides With Recently Enacted Statutory Amendments Pertaining To Investments Of Cash Balances Not Required For Immediate Disbursement (Pe?a, by request)
body
AMENDING CERTAIN PROVISIONS IN SECTION 4-1-1 ET SEQ., ROA 1994, THE FISCAL AGENT ORDINANCE, TO ADD THE CHIEF FINANCIAL OFFICER AS A MEMBER OF THE INVESTMENT COMMITTEE, AND TO UPDATE THE TYPES OF INVESTMENTS ALLOWED FOR CASH BALANCES NOT REQUIRED FOR IMMEDIATE DISBURSEMENT TO ENSURE THIS ORDINANCE COINCIDES WITH RECENTLY ENACTED STATUTORY AMENDMENTS PERTAINING TO INVESTMENTS OF CASH BALANCES NOT REQUIRED FOR IMMEDIATE DISBURSEMENT.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE
SECTION 1. Section 4-1-1 et seq., ROA 1994, is amended to read:
"? 4-1-1 AUTHORITY.
The City Council, pursuant to the provisions of Article X, Section 6 of the Constitution of New Mexico, hereby enacts this article as authorized by such section and for the purpose of providing maximum local self-government.
? 4-1-2 DEFINITION.
For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
BANKING SERVICE PROVIDER. Any of a group of banks or non-bank commercial entities, which, independently or in alliance with a Depository Financial Institution, provide intermediary, complementary, or end-to-end financial and informational services, technical consulting or specialized banking products.
DEPOSITORY FINANCIAL INSTITUTION. ...