My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2005-029
CBCC
>
Official Documents
>
2000's
>
2005
>
2005-029
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/5/2016 2:20:41 PM
Creation date
9/30/2015 7:39:55 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Memorandum of Understanding
Approved Date
01/18/2005
Control Number
2005-029
Agenda Item Number
11.C.4
Entity Name
Indian River Community College
Subject
Full Service Joint Use Branch Library
Funding Agreement
Area
College Lane
Archived Roll/Disk#
4000
Supplemental fields
SmeadsoftID
3860
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
collateral either directly or through an authorized custodian ; <br /> . 7 . Securities and Exchange Commission registered money market funds with the <br /> highest credit quality rating from a nationally recognized rating agency ; or <br /> . 8 . Repurchase agreements with a term of one year or less collateralized by direct <br /> obligations of the United States Government which have maturities of three (3) years or <br /> less and a market value 103 % or more of the repurchase amount . <br /> 4 . 2 . Investment Requirements . The FOUNDATION and the TRUSTEES , <br /> respectively, acknowledge and agree that the County Contribution in the FOUNDATION <br /> Matching Account and the County Contribution in the TRUSTEES Matching Account that <br /> are invested by the FOUNDATION and the TRUSTEES , respectively , pursuant to this <br /> Agreement are subject to the following components of the Investment Policy , to the <br /> maximum extent allowed by Florida law : <br /> . 1 . Maturity and Liquidity . All investments of the County Contribution in the <br /> FOUNDATION Matching Account , and the County Contribution in the TRUSTEES <br /> Matching Account shall be managed to maintain liquidity to meet the need for cash for the <br /> Library Facility and to limit potential market risks . To the maximum extent possible , the <br /> FOUNDATION , and the TRUSTEES , respectively , will attempt to match investment <br /> maturities with known cash needs and anticipated cash flow requirements ; <br /> . 2 . Portfolio Composition . Risk and Diversification With the exception of United <br /> States Treasury Obligations and state authorized pools , no more than 20% of the entire <br /> portfolio of the County Contribution in the FOUNDATION Matching Account , and the <br /> County Contribution in the TRUSTEES Matching Account , respectively , shall be invested <br /> in any one issuer. No more than 10 % of the County Contribution in the FOUNDATION <br /> Matching Account portfolio , and the County Contribution in the TRUSTEES Matching <br /> Account portfolio , respectively , may be placed in certificates of deposit and no more than <br /> $ 3 million of either portfolio may be placed in certificates of deposit with any one financial <br /> institution . With the exception of State authorized pools , no more than 10 % of the County <br /> Contribution in the FOUNDATION Matching Account portfolio , and the County Contribution <br /> in the TRUSTEES Matching Account portfolio may be placed in any one money market <br /> fund . All investments of the County Contribution in the FOUNDATION Matching Account , <br /> and the County Contribution in the TRUSTEES Matching Account , respectively , must <br /> have stated maturities of ten ( 10) years or less and no more than 25 % of the County <br /> Contribution in the FOUNDATION Matching Account portfolio , and the County Contribution <br /> in the TRUSTEES Matching Account portfolio respectively , shall be invested in <br /> instruments with stated final maturities greater than five (5 ) years . The County <br /> Contribution in the FOUNDATION Matching Account portfolio , and the County Contribution <br /> in the TRUSTEES Matching Account portfolio , respectively , shall have securities with <br /> varying maturities and at least 10 % of the County Contribution in the FOUNDATION <br /> Matching Account portfolio , and the County Contribution in the TRUSTEES Matching <br /> Account portfolio , respectively , shall be invested in readily available funds . <br /> 4 . 3 . Safekeeping and Custody . All securities purchased by the FOUNDATION for <br /> the FOUNDATION Matching Account shall be properly designated as an asset of the <br /> 5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.