The School Board of Palm Beach County, Florida

NOTICE OF PROPOSED RULE ADOPTION
AND PUBLIC HEARING

RULE TITLE: Investment Policy.

RULE NUMBER: Policy 6.08.

PURPOSE AND EFFECT: This policy generally sets forth the investment objectives and parameters for the management of public funds of the School District of Palm Beach County, Florida.

SUMMARY: The management of public funds, the availability of operating and capital funds when needed, and an investment return competitive with comparable funds and financial market indices.

SPECIFIC AUTHORITY: Fla. Stat. §§ 1001.41; 1001.42.

LAWS IMPLEMENTED: Fla. Stat. §§ 1001.41; 1001.42.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST (optional, if one has been prepared): None prepared. Any person who wishes to provide information regarding a statement of estimated regulatory costs, or to provide a proposal for a lower cost regulatory alternative, must do so in writing within 21 days of the publication of this Notice.

CONTACT PERSON: Leanne Evans, 3300 Forest Hill Blvd., West Palm Beach FL 33406.

PERSON ORIGINATING THE PROPOSED RULE: Leanne Evans.

THE PRELIMINARY TEXT of the proposed rule may be obtained promptly without cost from the School District's web site at www.SchoolBoardPolicies.com/revisions.htm .

SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: William F. Malone.

RULE DEVELOPMENT NOTICE WAS PUBLISHED: March 16, 2011, in The Palm Beach Post.

DATE PROPOSED RULE WAS APPROVED BY THE SCHOOL BOARD: March 30, 2011.

PUBLIC HEARING NOTICE: Adoption of the proposed rule is anticipated to be considered at the School Board's Special Meeting on Policies on May 11, 2011, anticipated to begin at 4:00 p.m. (an approximate time, as the actual start time may vary earlier or later) in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. AGENDA: An agenda will be available by May 4, 2011 on the District's Web site. Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this hearing is asked to advise the agency at least 48 hours in advance by contacting the Board clerk at 434-8139. A person may submit written comments (12 copies) about the proposed action to the clerk no later than the time of the public hearing. This hearing is open to the public.

Publish: April 13, 2011