6120 Investment of Funds

  • The superintendent is authorized to direct and authorize the county or state treasurer to invest district moneys which are not needed for current obligations in any district fund. Such investments shall be made with the objective of producing the greatest return, consistent with prudent practice.

    Legal References:  
    RCW  28A.320.300         Investment of funds, including funds received by ESD – Authority – Procedure
    28A.320.320                    Investment of funds of district not needed for immediate necessities – Service fee
    36.29.020                         Custodian of moneys – Investment of funds not required or immediate expenditures, service fee
    43.250                              Investment of local government funds
    WAC 210-01                   Local Government Investment Pool

    ADOPTED: 02/25/1993
    REVISED: 04/23/98

6000 Policies