Investments (Policy)
Office of Origin: FinanceÌýÌý ÌýÌýÌý ÌýÌýÌý ÌýÌý
Responsibility: Chief Financial OfficerÌý
Date Adopted: 05-22-01
Dates Reviewed: 01-15-12, 11-20-17, 10-27-20, 03-26-25(C)
Last Date Board Approved: 10-27-20Ìý
Â黨ÐÇ¿Õmv (the College) will invest funds in a manner that will comply with state and federal statutes governing the investment of public funds while providing the highest investment return and meeting the cash flow needs of the College. Ìý
This policy applies to College investments but excludes those of the Â黨ÐÇ¿Õmv Foundation, which is a separate 501(c)3 corporation.. ÌýÌý
The College will comply with section 389.142 of the Michigan Community College Act of 1966 No. 331, as amended and the Divestment from Terror Act of 2008.Ìý
References: ÌýÌýÌý Ìý
Michigan Community College Act No. 331, as amendedÌý
Divestment from Terror Act of 2008 Ìý