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ID S1129
Bill
AI Summary
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State Treasurer is authorized to establish and maintain a pooled investment program for municipalities, districts, political subdivisions, and political or public corporations in Idaho.
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Local government entities are authorized to invest funds not immediately required for their activities in the pooled investment program.
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State Treasurer may invest pooled program funds in any investment authorized by law for state idle moneys, regardless of other state statutes.
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Investment costs shall be paid from the invested funds or earnings generated by those funds.
Legislative Description
Adds to existing law to authorize the State Treasurer to operate a pooled investment fund for local governments.
LOCAL GOVERNMENT INVESTMENT POOL
Last Action
Governor signed Session Law Chapter 213 Effective: 07/01/11
4/6/2011