Pursuant to F.S. § 175.071(1)(b), the Board may invest the assets of the plan in any lawful investment, real or personal, as provided in F.S. § 215.47, except as otherwise limited by law. Consistent with F.S. § 175.071, the Board of Trustees may also invest up to ten percent (10%) of plan assets, at cost, in foreign securities. Subsequent amendments to F.S. Ch. 175, which expand the scope of permissible investments shall be incorporated herein upon adoption by the Florida Legislature.
