Deposits and Investments. The Land Bank shall deposit and invest funds of the Land Bank, not otherwise employed in carrying out the purposes of the Land Bank, in accordance with an investment policy established by the Board consistent with laws and regulations regarding investment of public funds.
Deposits and Investments. The funds of the Company shall be deposited in the name of the Company in accounts designated by the Board of Managers in banks or banking institutions to be selected by the Board of Managers or invested in such manner as shall be authorized by the Board of Managers. The Board of Managers shall prescribe such procedures as its shall deem necessary with respect to making such investments.
Deposits and Investments. The Authority shall deposit and invest money of the Authority, not otherwise employed in carrying out the purposes of the Authority, in accordance with an investment policy established by the Executive Committee consistent with laws and regulations regarding investment of public funds.
Deposits and Investments. The County Authority shall deposit and invest funds of the County Authority, not otherwise employed in carrying out the purposes of the County Authority, in accordance with an investment policy established by the County Authority Board consistent with laws and regulations regarding investment of public funds.
Deposits and Investments. The Debt Service Fund shall be kept apart from monies in the other funds and accounts of the Municipality and the same shall be used for no purpose other than the prompt payment of principal of and interest on the 2021B Bonds, the Bonds and any Parity Bonds as the same becomes due and payable. All monies therein shall be deposited in special and segregated accounts in a public depository selected under Chapter 34, Wisconsin Statutes and may be temporarily invested until needed in legal investments subject to the provisions of Section 66.0603(1m),
Deposits and Investments. The State of Utah Money Management Council has the responsibility to advise the State Treasurer about investment policies, promote measures and rules that will assist in strengthening the banking and credit structure of the state and review the rules adopted under the authority of the State of Utah Money Management Act that relate to the deposit and investment of public funds. The Gas Departments follow the requirements of the Utah Money Management Act (Utah code, Section 51, chapter 7) in handling its depository and investment transactions. The Act requires the depositing of the Gas Departments’ funds in qualified depositories. The Act defines a qualified depository as any financial institution whose deposits are insured by an agency of the Federal Government and which has been certified by the State Commissioner of Financial Institutions as meeting the requirements of the Act and adhering to the rules of the Utah Money Management Council. The Gas Departments participate in Hildale City’s central treasury. The City’s central treasury consists of the following at June 30, 2016: State Treasurer's Investment Pool $ 2,783,329 U.S. Bank 54,488 Xxxxx Fargo Bank 63,239 Less amounts to other HC and CC Joint Utilities/Hildale City (2,396,653) $ 504,403 Equity in central treasury $ 504,403 For deposits this is the risk that in the event of a bank failure, the government’s deposit may not be returned to it. Hildale City does not have a formal policy for custodial credit risk. As of June 30, 2016, $250,561 of the Hildale City’s central treasury’s bank balance of $583,547 was exposed to custodial credit risk because it was uninsured and uncollateralized.
Deposits and Investments. The funds of the Partnership shall be deposited in the name of the Partnership in accounts designated by the Management Committee in banks or banking institutions to be selected by the Management Committed or invested in such manner as shall be authorized by the Management Committee. The Management Committee shall prescribe such procedures as its shall deem necessary with respect to making such investments.
Deposits and Investments. The Trustees shall deposit and invest all Trust Capital and Trust Income and all monies in their names to hold same in such deposits and investments as are directed and authorized pursuant to this Trust Deed.
Deposits and Investments. (a) Any money held by the Trustee in any of the funds provided herein shall be deposited pursuant to clause (6) of the definition of Permitted Investments; provided, that any such money may be invested as directed by the Authority pursuant to a Written Request of the Authority in Permitted Investments which will, as nearly as practicable, mature on or before the dates on which such money is anticipated to be needed for disbursement hereunder. Investments redeemable at par will be deemed to mature on or before the dates on which money is anticipated to be needed for disbursement hereunder.
(b) The Trustee may act as principal or agent in the acquisition or disposition of any such deposit or investment and may, for the purpose of any such deposit or investment, commingle any of the money held by them hereunder, and the Trustee shall not be liable or responsible for any loss suffered in connection with any such deposit or investment made by them under the terms of and in accordance with this Section. The Trustee may present for redemption or sell any such deposit or investment whenever it shall be necessary in order to provide money to meet any payment of the money so deposited or invested, and the Trustee shall not be liable or responsible for any losses resulting from any such deposit or investment presented for redemption or sold. Any Permitted Investments that are registrable securities shall be registered in the name of the Trustee. The Trustee is hereby authorized, in making or disposing of any investment permitted by this Section, to deal with itself (in its individual capacity) or with any one or more of its affiliates, whether it or such affiliate is acting as an agent of the Trustee or for any third person or dealing as principal for its own account. The Authority acknowledges that to the extent regulations of the Comptroller of the Currency or other applicable regulatory entity granting the Authority the right to receive brokerage confirmations of security transactions as they occur, the Authority specifically waives receipt of such confirmations to the extent permitted by law. The Trustee will furnish the Authority periodic cash transactions statements which include detail for all investment transactions made by the Trustee hereunder.
(c) Subject to Section 5.03 and subsection (d) of this Section 11.09, any interest or profits on such deposits and investments received by the Trustee shall be retained in the fund or account to which they relate and...
Deposits and Investments. The Corporation shall deposit and invest funds of the Corporation not otherwise employed in carrying out the purposes of the Corporation in accordance with an investment policy established by the Executive Committee that is consistent with applicable law.
