The bill amends section 218.415 of the Florida Statutes, specifically addressing the investment policies of local governments. It introduces a provision that prohibits local governments from requiring a minimum bond rating for investments authorized under a specific paragraph related to Israeli bonds. This change aims to provide local governments with greater flexibility in their investment decisions, particularly concerning bonds that may not meet traditional rating criteria.

Additionally, the bill emphasizes that any investment policy must prioritize the safety of principal and liquidity of funds, while optimizing investment returns as a secondary concern. The effective date for this legislation is set for July 1, 2025.

Statutes affected:
H 669 Filed: 218.415
H 669 c1: 218.415
H 669 c2: 218.415
H 669 e1: 218.415
H 669 er: 218.415