ID H0403

Amends Section 67-1210A, Idaho Code, to revise the State Treasurer's authorized investments to include prime banker's acceptances, prime commercial paper, sales and repurchase of call options, and corporate bonds, debentures, or notes with an A rating or higher from a commonly known rating service.

Restricts the sale (writing) and repurchase of call options to situations where the State Treasurer or joint powers local government pooled fund own the underlying securities on which the option is written.

Clarifies that the expanded investment authority granted to the State Treasurer does not extend to other public agencies unless they make investments through the State Treasurer pursuant to a joint exercise of powers agreement.

Makes technical corrections to the existing statute language.