Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />e <br /> <br />1. The rate ofrelurn will be estimated for loans from both the Construction Fund and the <br />Severance Tax Trust Fund Perpetual Base Account. <br /> <br />2. Grants and other non-reimbursable items would no longer be included in the rate of <br />return calculations. <br /> <br />3. Rather than specifYing a target rate of return, the estimated rate of return would be <br />compared with the Board's target rate of growth for total fund equity and with <br />appropriate long-term construction cost indices (see draft Policy No. 13 regarding <br />growth in combined fund equity). <br /> <br />Staff recommends that the Board adopt the attached revised version of Policy No.8. <br /> <br />3 <br />