SB3086 amends the Deposit of State Moneys Act to expand the types of investments the State Treasurer can make with state funds.
SB3086 allows the State Treasurer to invest state funds in various financial instruments, including private placement fixed income securities, bonds, notes, and other obligations of the United States government, its agencies, and other entities. The bill specifies conditions for these investments, such as credit ratings, asset thresholds, and restrictions on certain companies. It also permits investments in mortgage participation certificates, short-term obligations, and other financial instruments.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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