(A) This policy applies to depositing and investing available cash assets of the Commuter Rail Division of the Regional Transportation Authority and the Northeast Illinois Regional Commuter Railroad Corporation, both d/b/a Metra. [This investment policy does not apply to cash held in checking or operating accounts.] Excluded from this policy are investment activities pertaining to pension or deferred compensation funds.
(B) Investments authorized under this policy will be referred to as “permitted investments”. Financial institutions and brokerages that have been approved for investment transactions will be referred to as “qualified institutions”.
(Ord. MET 99-24, passed 12-17-1999)