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Ordinance 1903-92
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Ordinance 1903-92
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4/27/2017 11:50:37 AM
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4/27/2017 11:50:34 AM
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Ordinances
Ordinance Number
1903-92
Date
11/25/1992
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TREASURY BILLS are non-interest bearing discount securities <br /> issued by the U. S. Treasury to finance the national debt. <br /> Most bills are issued to mature in three months, six months, <br /> or one year. <br /> TREASURY BOND is a long-term U. S. Treasury securities <br /> having initial maturities of more than ten years. <br /> TREASURY NOTES are intermediate term coupon bearing U. S. <br /> Treasury securities having initial maturities of from one to <br /> ten years. <br /> UNDERLYING SECURITIES are securities transferred in <br /> accordance with a repurchase agreement. <br /> WASHINGTON LOCAL GOVERNMENT INVESTMENT POOL is the aggregate <br /> of all funds from political subdivisions that are placed in <br /> the custody of the State Treasurer for investment and <br /> reinvestment. <br /> invgloss <br />
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