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Elk Grove USD  |  BP  3430  Business and Noninstructional Operations

Investing   

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The Superintendent or designee may invest as permitted by law all or part of the various funds of the district or any surplus monies not required for the immediate necessities of the district. Such investments must be made with care, skill, prudence and diligence.

Legal Reference:

EDUCATION CODE

41015 Authorization of and limitation investment of district funds

41017 Deposit of miscellaneous receipts

41018 Disposition of money received

42840-42843 Special reserve fund

GOVERNMENT CODE

16430 Eligible securities for investment of surplus moneys

53600-53609 Investment of surplus

53646 Treasurer reports and statements of investment policy

Policy ELK GROVE UNIFIED SCHOOL DISTRICT

adopted: June 19, 1995 Elk Grove, California