Item 4D Audio1
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This may be accomplished by purchasing high quality, short to
medium term securities which will complement each other. A dollar
weighted average maturity of 365 days or less will be calculated using
the stated final maturity date of each security.
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Securities purchased shall not have a stated maturity date which
exceeds the debt service payment date.
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These portfolios should include at least 10% in highly liquid securities to allow for
flexibility and unanticipated project outlays. The stated final maturity dates of
securities held should not exceed the estimated project completion date.
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