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            "text": "To the extent that any Deposit or Permitted Investment involves a document or security which is not physically held by the Township of Jackson, then such instrument or security shall be covered by a custodial agreement with an independent third party, which shall be a bank or financial institution in the State of New Jersey. Such institution shall provide for the designation of such investments in the name of the Township of Jackson to assure that there is no unauthorized use of the funds or the Permitted Investments or Deposits. Purchase of any Permitted Investments that involve securities shall be executed by a “delivery versus payment” method to ensure that such Permitted Investments are either received by the Township of Jackson or by third party custodian prior to or upon release of the Township of Jackson Funds."
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            "text": "VII. REPORTING REQUIREMENTS",
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            "text": "Each month during which this plan is in effect, Officials referred to in Section III hereof shall supply to the governing body of the Township of Jackson a written report of any Deposits or Permitted Investment made pursuant to this Plan, which shall include, at a minimum, the following information:"
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                    "text": "A summary of all investments transactions made during the month",
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                    "text": "The class or type of securities purchased, or deposits made.",
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                    "text": "The name of the financial institutions holding township funds.",
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                    "text": "Income earned on deposits and investments.",
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                    "text": "The fees incurred to undertake such deposits or permitted investments.",
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                    "text": "The market value of all deposits or permitted investments as of the end of the immediately preceding month.",
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                    "text": "All other information which may be deemed reasonable from time to time by the governing body of the Township of Jackson.",
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            "text": "VIII. TERM OF PLAN",
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            "text": "This Plan shall be in effect from January 1, 2025, to December 31, 2025. Attached to this Plan is a resolution of the governing body of the Township of Jackson approving this Plan for such period of time. The Plan may be amended from time to time."
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            "text": "I hereby certify the foregoing to be true copy of a Resolution adopted by the Township Council of the Township of Jackson, Ocean County, New Jersey at their Re-organization meeting held on January 2, 2025."
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