Common use of Financial Investments Clause in Contracts

Financial Investments. 56. The College shall not make any investments in traded financial instruments without the prior written approval of the Department and, where appropriate, DoF nor shall it build up cash balances or net assets in excess of what is required for operational purposes. Funds held in bank accounts or as financial investments may be a factor for consideration when grant-in-aid is determined. Equity shares in ventures which further the objectives of the College shall equally be subject to Departmental and DoF approval unless covered by a specific delegation. Unconventional Financing DRAFT

Financial Investments. 56. The College shall not make any investments in traded financial instruments without the prior written approval of the Department and, where appropriate, DoF nor shall it build up cash balances or net assets in excess of what is required for operational purposes. Funds held in bank accounts or as financial investments may be a factor for consideration when grant-in-aid is determined. Equity shares in ventures which further the objectives of the College shall equally be subject to Departmental and DoF approval unless covered by a specific delegation. Unconventional Financing DRAFT.