2.3.1 Investment Instruments

adopted: Nov-2011
last revised: Sept-2017

The College may invest in any type of security allowed by the Public Funds Investment Act (30 ILCS 235/2) of the State of Illinois and may be amended from time to time.

• The College has chosen to limit its allowable investments to those instruments listed below:
  • The corporation must be organized in the United States.
  • The corporation's assets must exceed $500,000,000
  • The obligations at the time of purchase must be rated within the two highest classifications by a recognized rating service.
    
    
• Investments may be made only in banks, which are insured by the Federal Deposit Insurance Corporation.
  
  
• Investment products that are considered derivatives are specifically excluded from approved investments.