(1) Revenues that are anticipated to be used for Council operating activities within the next year should be invested in short-term and liquid investments. These investments should be in U.S. government or government guaranteed investments with maturities of less than one year. A separate account should be established for these investments.

(2) Special purpose Council designated investments should be established in a separate account, invested in high-grade corporate bonds or government securities with maturities that approximate the expenditures of the designated activities.

(3) Investments, other than investments earmarked for Council operating activities, restricted by grantor agencies, and special purpose Council designated investments, should be invested in high-grade corporate bonds or government securities. The maturity dates of these investments should average seven years.

(4) On an annual basis, an evaluation of unrestricted revenues needs to be performed to determine if any unbudgeted or unspent funds need to be transferred to long-term investments. [Res. 2021-02-015 § 2 (Att. 1), 2021.]