3824  INVESTMENTS

It is the responsibility of the Chief Business Officer to maximize the 
investment of surplus cash in order to generate the greatest amount of 
interest income possible.  Only the appropriate investment channels shall be 
used, and interest income must be credited to the appropriate fund, subfund, 
or account.

The campus President may define the rules for distribution of interest 
income, except where interest income is defined in instruments such as bond 
resolutions, trust fund project agreements, and federal funding contracts.  An 
administrative charge may be assessed for the direct costs of the cash 
management functions consistent with any limitations, including the 
President's definition.