§ 401-195. Trust fund administration.

Latest version.

Trust fund administration is a function of the Trustee and shall include, and not be limited to, the following:

A.
Review and maintain terms of each trust;

B.
Establish principal amount for each trust;

C.
Secure investment instrument(s);

D.
Forecast available cash for future disbursement;

E.
Formulate strategies concerning operating/programmatic needs;

F.
Establish fund distribution criteria;

G.
Make awards or disburse funds for award consistent with expressed intent;

H.
Monitor performance against trust procedures;

I.
Collect all due monies and receipts; and

J.
Establish terms for nonpayment of due monies

                    
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