| ID | 87 |
|---|---|
| Bylaw ID | 55 |
| Head | Depository |
| Body | <p>The treasurer shall deposit all Club funds in a bank approved by the Board. At the discretion of the Treasurer, with prior approval by the Board, surplus funds may be invested in US Treasury instruments of an appropriate duration. All funds collected on behalf of the Club’s affiliated foundations will be promptly forwarded to the respective foundation.</p> |
| Note | This change, approved by the Board on June 24, 2024, was made to allow the option of investing surplus funds in Treasury instruments, usually T-bills. |
| Author | 6906 |
| Rev Date | 2024-06-25 00:00:00 |