All assets of the Plan shall be held by a third-party custodian approved by the District
and in consultation with the Advisor for safekeeping of Plan assets. The custodian
shall produce statements on a monthly basis, listing the name and value of all assets
held, and the dates and nature of all transactions in accordance with the terms in
the Plan Agreement. Investments of the Plan not held as liquidity or investment reserves
shall, at all times, be invested in interest-bearing accounts. Investments and portfolio
securities may not be loaned.
