§ 603 Investment Management; Investment Policy Statements

A. Tribal funds shall be invested in accordance with approved investment policy statements adopted by the Tribal Council and fund source restrictions, if applicable. 

B. Each investment policy statement shall incorporate all pertinent information related to the purpose and intent of the fund(s) as described in Article 5 of this Title and in addition shall set forth:

      1.The expected liquidity requirements of the investment account.

      2.The anticipated time horizon over which the fund will be invested.

      3.The types of securities in which the assets of the fund may be invested.

      4.The specific risk tolerances of the fund.

      5.The  strategic allocation between differing classes of investment instrument in which the fund will normally be invested and allowable variances.

      6.The anticipated yield of the fund expressed in comparison to appropriate indexes.

      7.The nature of account (i.e.: custodian or brokerage accounts) within which the securities of the fund will be held. 

      8.Names and responsibilities of all parties to the management of the assets, including the Tribal Council, Officers and Directors who may be assigned to such responsibilities.

[Legislative History: Enacted by Resolution No. 2018-76, 10/19/2018