AR SB292

Changes timing of interest transfer computations from the first business day to the second business day after the twenty-fifth of each month for Game Protection Fund, State Highway and Transportation Department Fund, and interest-bearing funds in the State Treasury.

Modifies repurchase agreement collateral requirements to allow collateralization by securities stated in subdivisions (b)(1)(B)(ii)-(v) instead of limiting to direct obligations of the United States Government or state/political subdivision general obligations.

Establishes that the State Board of Finance shall determine the method for computing participants' rate of return and earnings distribution in the interest-bearing fund.

Updates the Securities Reserve Fund distribution provisions to reference interest earned on investments as authorized under § 19-3-518(d)(4) and clarifies pro rata distribution based on average daily balances.

Declares an emergency and makes the act effective July 1, 2017, to allow implementation of new state fund investment and transfer provisions.