REVENUES FROM INVESTMENTS
The investment of Educational Service Center funds must be in accordance
with State statutes and will be made in a manner that secures maximum return
for the Educational Service Center.
To ensure the proper implementation of this policy, the Treasurer is
authorized to:
1. offer all funds which may be invested to all qualified and insured
financial institutions on the basis of bids or quotes and
2. keep the balances in all checking accounts at the minimum necessary to
cover the warrants issued by the Educational Service Center.
Funds invested will be placed on the basis of competitive bids or quotes.
[Adoption date: June 21, 2001]
LEGAL REFS: Intergovernmental Cooperation Act of 1968, Pub. L. No. 90-577
(1968)
ORC 135.01-135.21
3313.51
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