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Budget Summary FY2014

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Outside Section 140
Data Current as of:  9/11/2013

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UMass Building Authority Investment Policy

SECTION 140.   Section 4 of chapter 773 of the acts of 1960 is here by amended by striking out subsection (n), as appearing in section 5 of chapter 708 of the acts of 1983,and inserting in place thereof the following subsection:-

(n) To invest funds held by it, pending disbursement, which may be made pursuant to an investment policy established annually by the board, consistent with best investment practices and their fiduciary obligation.