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I. Title of Policy
II. Objective of Policy
To establish guidelines for the investment of College funds.
Board of Trustees Bylaws and New Jersey Statutes 18A:64A
III. Policy Statement
Responsibility for the investment of all excess funds shall rest with the President. Such funds shall continuously be identified and invested prudently and in accordance with regulations and statutes issued by the State of New Jersey.
The President shall establish procedures for the investment of excess funds, and the Board of Trustees shall be kept apprised of all investments and proceeds.
V. Responsibility for Implementation