Or. Admin. Code § 410-141-5140 - ASSET VALUATION AND PERMITTED INVESTMENTS: "Prudent Investor" Standard
(1) Funds
of a CCO may be invested in a manner not expressly prohibited under OAR
410-141-5145 and OAR
410-141-5165 provided such
investments are made in the exercise of the judgment and care under the
circumstances then prevailing which investors of prudence, discretion and
intelligence exercise in the management of their own affairs not in regard to
speculation but in regard to the permanent disposition of their funds,
considering the probable income as well as the probable safety of their
capital.
(2) Funds invested under
this section shall not exceed the lesser of seven and one-half percent of the
CCO's assets or the excess of the CCO's assets over all liabilities and
required capitalization.
(3) If the
Authority has reason to believe that loans or investments made pursuant to this
section are not adequately secured or are not yielding an income the Authority
may direct the CCO to report under oath the amount of such loans or
investments, the security therefor and its market value.
Notes
Statutory/Other Authority: ORS 413.042, 414.572, 414.591 & 414.605
Statutes/Other Implemented: ORS 414.570-414.686 & 415.001-415.430
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