3710.10  INVESTMENTS

The chief fiscal officer has the responsibility for investing surplus cash.  
Funds on deposit may be invested per SUAM Paragraph 3824.  If a campus 
wants to invest funds in the State's Money Investment Fund, a check should 
be drawn against the general checking account and remitted to the State 
Treasurer for credit to the State University and College Trust Fund.  If funds 
are invested elsewhere, a check must be drawn against the general checking 
account to the investing agency.

To be eligible to receive and retain demand or time deposits, a bank must 
deposit with the Treasurer security for such deposits in accordance with 
Government Code Sections 16521--16533.

(page corrected 16 Apr 2001)