### sec.191 Investment policy A local government must prepare and adopt an investment policy. The investment policy must outline— the local government’s investment objectives and overall risk philosophy; and procedures for achieving the goals related to investment stated in the policy. (sec.191-ssec.1) A local government must prepare and adopt an investment policy. (sec.191-ssec.2) The investment policy must outline— the local government’s investment objectives and overall risk philosophy; and procedures for achieving the goals related to investment stated in the policy. - (a) the local government’s investment objectives and overall risk philosophy; and - (b) procedures for achieving the goals related to investment stated in the policy.

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