HB18-1402
State Treasurer Investment Authority
Concerning authorization for the state treasurer to invest state money in investment grade securities issued by sovereign, national, and supranational entities.
Session:
2018 Regular Session
Subject:
Bill Summary
State Government
State treasurer - investment of state money in investment grade securities issued by sovereign, national, and supranational entities authorized. The act authorizes the state treasurer to invest state money in securities issued by a sovereign, national, or supranational entity that are rated at least investment grade by a nationally recognized rating organization.
(Note: This summary applies to this bill as enacted.)