C-06 RESERVE FUND INVESTMENT

  1. Purpose
    1. To invest surplus funds and any special funds of the Association subject to the approval of the Executive Committee and review by the Members.
    2. To earn an annual rate of return that exceeds the annual rate of increase in the Canadian Consumer Price Index.
    3. To protect the capital of the reserved fund of ACER-CART.
  1. Investments
    1. Investments shall adhere to the Terms of Reference of the Reserve Fund.
    2. Monies shall be invested through an accredited financial institution.
    3. Investments shall take the form of Guaranteed Investment Certificates, Canada Savings Bonds, provincial bonds, and term deposits.

 

(2009)
(2010 reaffirmed)

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