Amendment of Municipal Code Section 2-32-520 to require City Treasurer to provide 30-day notice prior to any change in investment policy

• Record number: O2025-0021074
• Type: Ordinance; category: Municipal Code Amendments
• Status: In Committee
• Sponsor: Raymond A. Lopez (15th Ward)
• Committee: Committee on Finance
• Submitted Date: Nov 14, 2025
• Introduction Date: Nov 14, 2025
• Official record: Office of the City Clerk

Impact report

Written by AI from the official document. AI can make mistakes; the official document always wins.

This item would change city law so the City Treasurer must give 30 days' notice before changing the city's investment policy, and a committee recommended sending it to the Committee on Finance for review.

Who it affects

• City Treasurer's office: The Treasurer would have to give 30 days' notice before making any change to the city's investment policy.
• City Council members: The proposal would go to the Committee on Finance for review after the Committee on Committees and Rules recommended re-referring it.

What changes

• The City Treasurer would need to give 30 days' notice before any change in investment policy.
• Municipal Code Section 2-32-520 would be amended.
• The proposal is being sent to the Committee on Finance for further review.