The superintendent is authorized to direct and authorize the county treasurer to invest district monies which are not needed for current obligations in any district fund. The district shall invest monies in those securities or instruments which are allowed by law. Such investments shall be made with the objective of minimizing risk and producing the greatest return in securities legally permitted by the State of Washington and in accordance with the county or state adopted investment policy. 

Legal Reference:
Investment of funds, including funds received by ESD – Authority – Procedure - RCW 28A.320.300
Investment of funds of district – Service fee - RCW 28A.320.320
Custodian of monies--Investment of funds not required for immediate expenditures, service fee - RCW 36.29.020
Investment of local government funds - Chapter 43.250 RCW
Local Government Investment Pool - Chapter 210-10 WAC
Investment of building funds – restrictions - RCW 28A.320.310

Highline School District 401
Adopted by the Board: August 1986
Revised by the Board 04.03, 2.20 (Formerly Policy 7280)