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D F E - R I nv estm en t of F un ds D F E - RA l l of f er i n gs of mo n i es f or i n vest me nt sh a l l s t a t e t he a mo u nt t o be i n veste d an d t he matu r i t y date of eac h i nve s t me nt . In ve s t me nt of f un ds s hall b e i n t h e mai n o r b r an ch off i ce of an e l i gible b an k , s a vi n gs a nd l o an a s so c i a t i o n , or s a vi n gs ba n k l oc a t ed i n t he co un t y or c ou nt i e s i n whi ch a l l or part of t he sc hoo l di s t r i c t i s l o cate d . I f s u ch ma i n or b r a nch offi ce o f an e l i gib l e b an k , s a vi n gs a nd l oa n as soc i a t i on or s a vi n gs ba nk c an not o r will n ot pr o vi de d an ac cep t ab l e bi d , t he fu nd s c an b e i n ve s t e d i n a ma i n o r bra nc h of f i c e of a n e l i gi ble ba n k , s a vi n gs an d l oa n as so c i a t i on or s a vi n gs ba n k l o cate d i n a n a dj oini n g c oun t y t o t h e co unt y i n w h i ch a l l or part o f t he s ch ool di s t r i c t i s l o cate d . A n y ba n k , sa vin gs an d l o an as soc i a t i on o r sa vin gs ba n k t h a t q ua l i f i e s as a d ep osit or y o f s ch oo l f un ds sh a l l be gi ve n t he o pp ortu ni t y t o b i d o n a l l mo nies o f f er ed f or i n ve s t me nt . All bid s sha l l b e sp ecifi ed on t he basi s of s i mple i nter est A l l ba n ks an d sa vi ngs a nd l oa n as so c i a t i o ns wi t h offic es l ocat ed wi t hin t he di s t r i c t sh a l l b e gi ve n an op port un i t y t o bi d o n a l l mon i es offe r ed for i n vest me nt . All bi ds sh a l l b e s pe c i f i e d on t he b asis o f s i mpl e i nt ere s t . D i s t r i b ut i on of mo nie s f or i n ve s t me nt shall b e as fol l o ws : T h e t r ea sur er or o t he r per so n de s i gnat ed b y t he boa rd s hall i n for m e ach e l i gi ble b an k an d sa vi n gs a nd l oa n a s s ociati on o f t he t o t a l a mou nt of mo n e y t o be i n veste d o n a spe c i f i ed d a t e an d t h e ma t u r i t y dat e of t he i n vest me nt . E ac h ban k or s a vi n gs an d l oa n ass oci a t i on bi ddi ng s hal l s ub mi t a s i n gle bid o f t he r a t e of i n t ere s t i t wo uld p a y o n a l l or part o f t he fu nds t o be i n veste d . M oni es sh a l l be i n vest ed w i t h t he hi ghe s t bi dd er i n su ch a mou nt as t he b i d der will acc ept , an d a n y r e mai nin g a mo u nts s hall be i n veste d with t he ne xt h i ghest bi dd ers i n ord er of i nt eres t r a t e off ere d . N o bi dd er shal l b e e l i gi ble t o r ecei ve a n y fu nd s i n t he sa me offe r i n g a t a r a t e l o we r t ha n i t s s i n gle bi d . N o bid l e s s t h an t h e most r ece nt l y det er mi ne d i n vest men t r a t e a s d e t e r min ed b y t h e s t a t e t r ea sur er s hal l be ac ce pte d . N o fu nds w i l l be i n vest ed f or ma t u r i t i e s of more t han t w o yea r s . A n y mo n i e s not othe rw i se i n veste d i n e l i gib l e b an ks a nd s avi n gs and l oa ns l ocat ed i n t he d i s t r i c t du e t o t heir i na bi l i t y , fo r what e ver r eas on , t o a cce pt t he fu nd s , shal l b e i n veste d i n s ec ure d de pos i t s i n ban ks or sa vin gs an d l oa ns whi ch ha ve off i ce s l oc a t e d i n cou nt i es i n w hic h a pa r t of t he s ch ool d i s t r i c t i s l o cate d or i n adj oin i n g c ou nt i es . A n y mo n i es not i n vest ed i n ba n ks an d savi n gs a nd l o an s i n t h e di s t r i c t o r l oc a t e d i n c ou nt i e s i n whi ch a part of t he sc ho ol d i s t r i c t i s l oc a t e d ma y be i n veste d i n t he mu nici pal i n ve s t me nt p ool fu nd or U ni t e d State s T r e asu r y bi l l s r not es as a uth ori zed b y K an sas l aw . M oni es a vail abl e for r e i n vest me nt a s a r e sult of mat urities ma y be r e i n ves t ed wit h t he ba n k o r ass oci a t i o n ho l di n g s uc h mo ni es pr o vi de d t he b an k or sa vin gs a nd l o an ass oci a t i o n a gr ees t o pa y t h e sa me o r hi ghe r r a t e as t hat of f er ed b y t he hi gh est bi dd er a t t he t i me of r e - o f f e r . In t h e e ve nt of i den t i ca l h i gh bi ds , t he a l l oca t i o n of mon i es t o be i n veste d b e t wee n t h e hi gh bi dde r s sh a l l be a t t he dis cret i o n of t he s up er i nte nde nt . T h e t r e as urer s hall r e cor d t he foll o win g i nfo r mati on: t h e date of each o f f er i n g; t he na me o f ea ch ba n k o r s a vi ngs a n d l oa n a s so c i a t i on n ot i f i ed; t he n a me of t h e off i ce r n ot i f i ed ; t h e bi d , c arr i ed t o f i ve d eci ma l plac es ( . 1 11 11 ) ; t he a mo unt o f mo nie s t he b an k or sa vin gs a nd l o an as so c i a t i o n i s will i n g t o a cce pt a t t h e r a t e b i d . T o be e l i gi ble t o r ec e i ve i n ve s t e d fu nd s o r d ep osit s f r o m t he dis t r i c t , a n y ot her wi se e l i gible b an k o r s a vi n gs an d l oa n a s s ocia t i o n s hall h a ve o n f i l e i n t he offi ce of t he d i s t r i c t t r e asu r er a l e t t e r r eq uesti n g i t s i n c l u s i o n i n t he b i d din g pr oce s s an d pr o vidi n g pro pe r ass ura nc e of c o mpl i an ce with r eq uire me nt s o f a ppli cab l e l a ws an d boa rd po l i c y r e l a t i n g t o ma i nte na nce of p ro per s ec urit y an d a s s ura nce of i t s memb e r s hi p i n goo d s t a nd i n g co nsis t en t w i t h c urre nt f ed eral r e gulat i o ns. T he su pe r i nt en de nt s hall r ep ort mo nt hl y t o t he b oar d on t h e dis t r i c t ' s i n ve s t me nts . A p pr o ve d: K A S B r eco mme n d e d 6 - 0 6 , 10 / 0 6 1 / 8 / 0 7 ; 0 1 / 1 0 ; 10 / 1 1 R et ur n t o Se ctio n D In d e x B a c k to Ma ster In d ex Directory: vimages -> shared -> vnews -> stories stories -> Us history eoc review stories -> Santa fe trail high school stories -> Ahs program of Studies Handbook stories -> Core Classes Offered by Department Indicates ncaa clearinghouse Approved Core Class english stories -> Idce advanced Placement / Dual Credit Courses idce stories -> From the media office stories -> BrailleNote Apex or mpower bt stories -> Building Biomes and World stories -> Prairie State Achievement Exam Download 13.17 Mb. Share with your friends:
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