Idle monies shall be available for temporary investment within legal requirements.
Normally these monies would be in the sinking fund, building fund, and/or general fund.
Federal monies are never to be invested.
Some of the possible investments may be time deposits in commercial banks, savings deposits
including savings certificates, U.S. Treasury Bills, and U. S. Treasury Notes. Effective
July 1, 1969, it became lawful to invest general fund monies in securities of the states,
United States, municipalities of the state, or certificates of deposit.