The Board of County Commissioners has authority to invest all funds held by, or belonging to, Johnson County, its agencies or departments. The investment powers of the Board are derived from the statutory provisions of K.S.A. 12-1675, as amended, and have been established by home rule resolution. The provisions of this Investment Policy shall be enacted and interpreted in a manner that ensures compliance with all applicable state and federal laws and legal requirements, including specifically the provisions of K.S.A. 12-1675, as now adopted or hereafter amended.