FILE:  DN

SURPLUS FUNDS

The Cameron Parish School Board may invest any funds which are available for investment and are above the immediate cash requirements of the Board, from whatever source derived, in United States Savings Bonds, treasury notes, or certificates, or time certificates of deposit in state banks organized under the laws of Louisiana, and national banks having their principal office in the State of Louisiana, or any other federally insured investment.  The interest earned on any such investment shall be credited to the fund from which the investment was made.

The Board shall authorize its President and Superintendent, as treasurer, to invest any surplus funds in whatever type deposit that will offer the Board the most favorable rates of interest.

SCHOOL AND STUDENT ACTIVITIES FUNDS

The Board recommends that any surplus funds in these various school and organization accounts be invested in short-term treasury bills and/or bank certificates of deposit, whenever possible.

Adopted:  May, 1977

Revised:  December, 1982

Ref:     La. Rev. Stat. Ann. §§17:99, 33:2955

Cameron Parish School Board