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<br />Overview of <br />The Public Funds Investment Act <br /> <br />a Written policies. <br /> <br />- Investments shall be made in <br />accordance with written policies <br /> <br />- approved by the governing body. <br />- The policies must address <br /> <br />- liquidity. <br /> <br />- diversification. <br /> <br />- safety of principal. <br /> <br />- yield. <br /> <br />- maturity. <br /> <br />- quality. <br /> <br />- capability of investment man- <br />agemen t. <br /> <br />- with primary emphasis on safety <br />and liquidity. <br /> <br />6 <br />