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OPEN TO THE PUBLIC

OPEN TO THE PUBLIC While each of our fifty states have varied restrictions on legal investments for library funds, generally, putting funds into new issues as opposed to securities is considered inappropriate for money generated through public taxation. Since endowment portfolios show more flexibility, with limitations set basically by the terms of the trust, it is within this parameter that a knowledgeable investor can turn to the newissue market as a way to take part in the development of a potential resource for higher earnings for the library. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Bottom Line: Managing Library Finances Emerald Publishing

OPEN TO THE PUBLIC

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0888-045X
DOI
10.1108/eb025131
Publisher site
See Article on Publisher Site

Abstract

While each of our fifty states have varied restrictions on legal investments for library funds, generally, putting funds into new issues as opposed to securities is considered inappropriate for money generated through public taxation. Since endowment portfolios show more flexibility, with limitations set basically by the terms of the trust, it is within this parameter that a knowledgeable investor can turn to the newissue market as a way to take part in the development of a potential resource for higher earnings for the library.

Journal

The Bottom Line: Managing Library Finances – Emerald Publishing

Published: Mar 1, 1988

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