BS707 - Investment of College Funds

Policy

Section: Business Services

The College shall invest funds in compliance with the Iowa Code Chapters 12B and 12C. The investment of bond funds shall not only comply with this policy but also must comply with any bond resolutions, related agreements or relevant law. A College depository listing will be approved by the Board on an annual basis or as needed.

Legal Reference:
Iowa Code 12B, 12C, 11.2, 12.62, 22.1, 28E.2, 257, 260C, 283A, 279.29, 285, 502.701, 633.123, 279.33

Cross Reference:
Procedure BS5711 - Investments

Procedure BS5784 - Depository Banks

Adopted: June 17, 1986
Reviewed: 2005, 2020

Revised:
May 9, 1990

March 4, 1992

September 9, 1992

June 13, 1994

April 12, 1999

January 10, 2000

January 10, 2005

April 12, 2010

December 2019