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iii. the current percentage of the pool's port : - : . <br /> maturities of more than one year; <br /> iv. the book value versus the market value of thc pool's portfolio, using the <br /> v. the size of the pool; <br /> vi. thc number of participants in thc pool; <br /> vii. thc custodian bank that is safekeeping the assets of the pool; <br /> ... . . . . . . .. . . <br /> ix. the yield and expense ratio of the pool; <br /> x. the portfolio managers of the pool; and <br /> 2. An entity by contract may delegate to an investment pool the authority to hold legal title <br /> 3. In this section, "yield" shall be calculated in accordance with regulations governing the <br /> registration of open end management investment companics undcr thc Investment <br /> Company Act of 1940, as promulgated from time to time by thc Federal Securities and <br /> Exchangc Commission. <br /> 4. To be cligiblc to rcccivc funds from and invest funds on behalf of an cntity undcr this <br /> chapter, a public funds investment pool created to function as a moncy market mutual <br /> stabilize a $1 net asset value. If thc ratio of the market value of the portfolio divided by <br /> the book value of the portfolio is less than 0.995 or greater than 1.005, portfolio holding:, <br /> shall be sold as necessary to maintain the ratio between 0.995 and 1.005. <br /> 5. To be eligible to rcccivc funds from and invest funds on behalf of an cntity under this <br /> a) equally of participants in the pool and other persons who do not have a business <br /> 6. To maintain eligibility to rcccivc funds from and invest funds on behalf of an entity under <br /> EXISTING INVESTMENTS The Investment Officer is not required to liquidate investments that <br /> were authorized investments at the time of purchase. Any investments currently held that do not <br /> meet the guidelines of this policy shall be reviewed to determine the ability to liquidate. If the <br /> investment cannot be liquidated because of material adverse change in the value since the time of <br /> purchase, and holding the investment to maturity does not negatively affect disbursements or cash <br /> flow, a recommendation of holding said investment to maturity is acceptable. <br /> LENGTH OF INVESTMENTSMAXIMUM MATURITIES The maximum stated maturity, from <br /> the date of purchase, for any individual investment may not exceed 5 years and the maximum <br /> 8 <br />