Item 12(a)(2).
CERTIFICATIONS |
I, Edward C. Bernard, certify that: | ||||
1. | I have reviewed this report on Form N-CSR of T. Rowe Price Short-Term Bond Fund; | |||
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit | |||
to state a material fact necessary to make the statements made, in light of the circumstances under | ||||
which such statements were made, not misleading with respect to the period covered by this report; | ||||
3. | Based on my knowledge, the financial statements, and other financial information included in this | |||
report, fairly present in all material respects the financial condition, results of operations, changes in | ||||
net assets, and cash flows (if the financial statements are required to include a statement of cash | ||||
flows) of the registrant as of, and for, the periods presented in this report; | ||||
4. | The registrant's other certifying officer(s) and I are responsible for establishing and maintaining | |||
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act | ||||
of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the | ||||
Investment Company Act of 1940) for the registrant and have: | ||||
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and | ||||
procedures to be designed under our supervision, to ensure that material information relating to | ||||
the registrant, including its consolidated subsidiaries, is made known to us by others within those | ||||
entities, particularly during the period in which this report is being prepared; | ||||
(b) Designed such internal control over financial reporting, or caused such internal control over | ||||
financial reporting to be designed under our supervision, to provide reasonable assurance | ||||
regarding the reliability of financial reporting and the preparation of financial statements for | ||||
external purposes in accordance with generally accepted accounting principles; | ||||
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in | |||
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of | ||||
a date within 90 days prior to the filing date of this report based on such evaluation; and | ||||
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that | |||
occurred during the second fiscal quarter of the period covered by this report that has materially | ||||
affected, or is reasonably likely to materially affect, the registrant’s internal control over financial | ||||
reporting; and | ||||
5. | The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the | |||
audit committee of the registrant's board of directors (or persons performing the equivalent | ||||
functions): | ||||
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control | |||
over financial reporting which are reasonably likely to adversely affect the registrant's ability to | ||||
record, process, summarize, and report financial information; and | ||||
(b) | Any fraud, whether or not material, that involves management or other employees who have a | |||
significant role in the registrant's internal control over financial reporting. |
Date: | July 23, 2007 | /s/ Edward C. Bernard | ||
Edward C. Bernard | ||||
Principal Executive Officer |
CERTIFICATIONS |
I, Joseph A. Carrier, certify that: | ||||
1. | I have reviewed this report on Form N-CSR of T. Rowe Price Short-Term Bond Fund; | |||
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit | |||
to state a material fact necessary to make the statements made, in light of the circumstances under | ||||
which such statements were made, not misleading with respect to the period covered by this report; | ||||
3. | Based on my knowledge, the financial statements, and other financial information included in this | |||
report, fairly present in all material respects the financial condition, results of operations, changes in | ||||
net assets, and cash flows (if the financial statements are required to include a statement of cash | ||||
flows) of the registrant as of, and for, the periods presented in this report; | ||||
4. | The registrant's other certifying officer(s) and I are responsible for establishing and maintaining | |||
disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act | ||||
of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the | ||||
Investment Company Act of 1940) for the registrant and have: | ||||
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and | ||||
procedures to be designed under our supervision, to ensure that material information relating to | ||||
the registrant, including its consolidated subsidiaries, is made known to us by others within those | ||||
entities, particularly during the period in which this report is being prepared; | ||||
(b) Designed such internal control over financial reporting, or caused such internal control over | ||||
financial reporting to be designed under our supervision, to provide reasonable assurance | ||||
regarding the reliability of financial reporting and the preparation of financial statements for | ||||
external purposes in accordance with generally accepted accounting principles; | ||||
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in | |||
this report our conclusions about the effectiveness of the disclosure controls and procedures, as of | ||||
a date within 90 days prior to the filing date of this report based on such evaluation; and | ||||
(d) | Disclosed in this report any change in the registrant’s internal control over financial reporting that | |||
occurred during the second fiscal quarter of the period covered by this report that has materially | ||||
affected, or is reasonably likely to materially affect, the registrant’s internal control over financial | ||||
reporting; and | ||||
5. | The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the | |||
audit committee of the registrant's board of directors (or persons performing the equivalent | ||||
functions): | ||||
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control | |||
over financial reporting which are reasonably likely to adversely affect the registrant's ability to | ||||
record, process, summarize, and report financial information; and | ||||
(b) | Any fraud, whether or not material, that involves management or other employees who have a | |||
significant role in the registrant's internal control over financial reporting. |
Date: | July 23, 2007 | /s/ Joseph A. Carrier | ||
Joseph A. Carrier | ||||
Principal Financial Officer |