- Reference: Government Code Section 53600 et seq.
- Board Approved: 11/09/05
- Amended: 05/11/11
The President/Superintendent is responsible for ensuring that the funds of the District are invested. Investments shall be in accordance with law, including California Government Code Sections 53600, et seq.
Investments shall be made based on the following criteria:
- The preservation of principal shall be of primary importance.
- The investment program must remain sufficiently flexible to permit the District to meet all operating requirements.
- Transactions should be avoided that might impair public confidence.
See Administrative Procedure #6320.