1 Del. Admin. Code § 1201-9.0 - Operating Accounts
9.1
Investment Objectives. State agencies and other public authorities maintain
various operating accounts with the intent of segregating such funds for
accounting and reporting purposes. In addition, operating accounts may be
created by the State to meet particular purposes and/or to comply with state
statutes, bond trust agreements and/or Federal guidelines. The investment
objectives with respect to such funds are to ensure safety and maximize return
while providing for the liquidity requirements specifically identifiable to the
use of such funds.
9.2 Maturity
Restrictions. Unless otherwise determined by the Board, the maximum maturity
for any investment of State Funds in the Operating Accounts shall be two years
from the date of settlement. In some circumstances, State Funds in an Operating
Account may be set aside to fund a known, specific future liability; in such
cases, the Board grants OST the discretion to set the maturity restrictions
with respect to securities purchased with such funds to correspond to the due
date of the corresponding liability.
9.3 Permissible Investments and Percentage of
Account Limitations. Unless otherwise determined by the Board, Operating
Accounts shall be governed by the Permissible Investment and Percentage of
Account Limitations for the Liquidity Accounts set out in subsections 6.2 and
6.3.
Notes
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