Section 294.890 – Board members serve without compensation; selection of chairperson.
(1) A member of the Oregon Short Term Fund Board shall serve without compensation. (2) The board shall select one of its members as chairperson, for a term and with the powers and duties necessary for the performance of the functions of the office as the board shall determine. [1973 c.748 §20]
Section 294.895 – Board duties, generally.
The Oregon Short Term Fund Board shall: (1) Advise the Oregon Investment Council and the investment officer in the management of the investment pool and in the investment of moneys deposited in the Oregon Short Term Fund established under ORS 293.728 and invested pursuant to ORS 293.701 to 293.857. (2) Review the rules promulgated by […]
Section 294.815 – Period of investments; withdrawal of funds.
Subject to the right of the unit of local government or the tribal government to specify the period in which its funds may be held in the investment pool for investment and reinvestment, the investment officer by rule shall prescribe the time periods for investments in the investment pool and the procedure for withdrawal of […]
Section 294.885 – Oregon Short Term Fund Board; members; appointment; term; vacancies.
(1) There is created the Oregon Short Term Fund Board consisting of seven members. (2) One member shall be the State Treasurer or the treasurer’s designated representative. Three members, who are qualified by training and experience in the field of investment or finance and who do not hold any other public office or employment, shall […]
Section 294.820 – Establishment of investment pools by intergovernmental agreement; conditions; powers.
If the State Treasurer and the Oregon Investment Council terminate the operation of all investment pools created under ORS 293.863, public bodies may establish by written agreement under ORS chapter 190 one or more pools for the investment of proceeds for the purposes identified in ORS 293.861. In establishing one or more such pools, the […]
Section 294.825 – State Treasurer as investment officer; bond; employment of personnel; rules.
(1) The State Treasurer is the investment officer for the Oregon Investment Council and the investment pool, and shall perform functions in that capacity as authorized or required by law and, consistent with law, by the council. (2) The bond of the State Treasurer required from the State Treasurer by law shall be deemed to […]
Section 294.831 – Investment objective; limit on maturity dates.
(1) The investment officer shall seek to obtain a competitive return on investments of the investment pool subject to the standards set forth in ORS 294.835 and consistent with the liquidity requirements demanded by the short term nature of local government and tribal government deposits in the pool. (2) The investment officer shall at all […]
Section 294.835 – Standard of care; investment in certain stocks prohibited.
(1) In investing and reinvesting moneys in the investment pool and in acquiring, retaining, managing and disposing of investments of the investment pool there shall be exercised the judgment and care under the circumstances then prevailing, which individuals of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to […]
Section 294.840 – Investment policies; review; separate policies for individual public bodies.
Subject to the objective set forth in ORS 294.831 and the standards set forth in ORS 294.835, the Oregon Investment Council shall formulate policies for the investment and reinvestment of moneys in the investment pool and the acquisition, retention, management and disposition of investments of the investment pool. The council, from time to time, shall […]
Section 294.845 – Investment officer to invest, reinvest pool funds.
In amounts available for investment purposes and subject to the policies formulated by the Oregon Investment Council, the investment officer shall invest and reinvest moneys in the investment pool and acquire, retain, manage, including exercise of any voting rights, and dispose of investments of the investment pool. [1973 c.748 §10]