{
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            "bbox": {
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            "text": "Repurchase Agreements – Repurchase agreements that are collateralized by the United States Government issues."
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            "text": "U.S. Government Issues – All obligations of the U.S. Government and its agencies."
        },
        {
            "id": "p29.4",
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            "text": "Certificates of Deposit – Banks domiciled in the Commonwealth of Kentucky. If the dollar amount of certificates of deposit and/or cash equivalent securities exceed the FDIC insurance limit, the bank must pledge securities in an amount equal to that amount not covered by FDIC insurance."
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        {
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            "order": 5,
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            "text": "D. Alternatives",
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            "text": "Alternatives will be fully liquid through the use of mutual funds and ETFs."
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            "id": "p29.7",
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            "text": "Alternatives will include Precious Metals, Commodities, Currencies and Non-Directional Strategies (low correlation to traditional stock and bond portfolios)."
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            "text": "E. Real Estate",
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            "text": "Real Estate Investment Trusts (REITs) will be invested in a liquid, high-quality diversified portfolio of Real Estate Investment Trust companies. No raw land will be purchased for portfolio."
        },
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            "text": "VI. Standards of Measurement",
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            "text": "The following represent the standards of measurement to be used as guidelines for the various classes of investments of Kentucky State University endowment holdings. They are to be computed and expressed quarterly on a time-weighted total return basis:"
        },
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            "text": "Equity Investments – Exceed the return on the MSCI World Index"
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            "text": "Fixed Income (Corporate, Government and Agency Funds) – Exceed the return on the Barclays Aggregate Index"
        },
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            "text": "Cash Equivalents – Exceed the rate on 90-day treasury bills"
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            "text": "VII. Investments Performance Review Procedures",
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            "text": "Kentucky State University\nEndowment Spending Policy\nAmended as Approved by the Board of Regents\nJanuary 27, 2012"
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            "text": "29",
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