Specifications include, but are not limited to: Preservation of Principal
The single most important objective of the Authority’s investment program is the
preservation of the principal of those funds within the Portfolio.
Maintenance of Liquidity
The Portfolio shall be managed in such a manner that assures that funds are
available as needed to meet those immediate and/or future operating
requirements of the Authority, including but not limited to payroll, accounts
payable, capital projects, debt service and any other payments.
The Portfolio shall be managed in such a fashion as to maximize the return on
investments but within the context and parameters set forth by objectives 11.3.1
and 11.3.2 above and adherence to the Authority’s Investment Policy.