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<br />in which the investing entity's funds may be invested; <br /> <br />(B) the maximum allowable stated maturity of any <br /> <br />individual investment owned by the entity; <br />(C) for pooled fund groups, the maximum dollar- <br />weighted average maturity allowed based on the stated maturity date <br />for the portfolio; <br />(0) methods to monitor the market prlce of <br />investments acquired with public funds; and <br /> <br />(E) a requirement for settlement of all <br /> <br />transactions, except investment pool funds and mutual funds, on a <br /> <br />delivery versus payment basis. <br /> <br />(c) The investment policies may provide that bids for <br />certificates of deposit be solicited: <br /> <br /> <br />(1) orally; <br /> <br /> <br />(2) in writing; <br /> <br /> <br />(3) electronically; or <br /> <br /> <br />(4) in any combination of those methods. <br /> <br /> <br />(d) As an integral part of an investment policy, the <br /> <br /> <br />governing body shall adopt a separate written investment strategy <br /> <br /> <br />for each of the funds or group of funds under its control. Each <br /> <br /> <br />investment strategy must describe the investment objectives for the <br /> <br /> <br />particular fund using the following priorities in order of <br /> <br /> <br />importance: <br /> <br />(1) understanding of the suitability of the investment <br /> <br />Page -7 - <br />