DENVER -- A controversial measure dealing with the investment of surplus Social Security trust funds in state and local government securities received tepid approval yesterday from delegates in a voice vote at the Government Finance Officers Association annual meeting.

The GFOA policy statement, which also found some dissent among members of the group;s executive board and debt and fiscal policy committee, recognized the importance of ensuring the safety of the trust funds. But the measure also stated the group's support for proposals that broaden the market for municipal securities.

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