Procedure 7.5.1 Local Cash and Investments - History
for Chapter 7 - General Finance Provisions
for Board Policy 7.5
Date of Adoption: 08/04/06,
Date of Implementation: 08/04/06,
Date & Subject of Revisions:
9/24/15 - Amended Parts 3, 4, 6, and 7 to reflect current terminology, processes, and requirements. Removed part 5 “Collateral” and inserted related requirements into Part 4.
5/17/11 - Modified Part 7, Management Expectations, to allow colleges and universities to establish, in consultation with a student organization, guidelines for expenditures from agency accounts.
11/5/09 - Part 5, technical changes to update FDIC insurance limits based on recent legislation changes.
07/27/09 - Part 5, FDIC limits updated; Part 6, RFP required for bank selection or selection based on local non-competitive basis must be documented by the university or college and approved by the vice chancellor - chief financial officer or designee