§ 70-620. Arbitrage.

Latest version.

The Internal Revenue Code of 1986, as amended, provides for arbitrage restrictions which the city's investments are subject to. The city will comply with all arbitrage regulations and will remit all excess arbitrage earnings, where appropriate, to the U.S. Treasury within the legal time limits.

(M.C.S., Ord. No. 18,621, §§ 1, 2, 2-5-98)

                    
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