Section 294.847 – Prohibited conduct for investment officer.
In making investments pursuant to ORS 294.805 to 294.895, the investment officer may not: (1) Make a commitment to invest funds or sell securities more than 14 business days prior to the anticipated date of settlement of the purchase or sale transaction; (2) Enter into any agreement to invest funds or sell securities for future […]
Section 294.850 – Contracts with persons to perform investment functions; compensation; bond.
The Oregon Investment Council may enter into contracts with one or more persons whom the council determines to be qualified, whereby the persons undertake, in lieu of the investment officer, to perform the functions specified in ORS 294.845 to the extent provided in the contract. Performance of functions under contract so entered into shall be […]
Section 294.855 – Legal opinions; investment counseling services; mortgage services.
(1) In the acquisition or disposition of bonds with which approving legal opinions ordinarily are furnished, the investment officer may require an original or certified copy of the written opinion of a reputable bond attorney or attorneys, or the written opinion of the Attorney General, certifying to the legality of the bonds. (2) The Oregon […]
Section 294.860 – Custody of investment documents; collection and distribution of income; calculation and allocation of profit and loss; defaulted payments of principal and interest, collection, compromise.
(1) Except as provided in ORS 294.850 and this subsection, all instruments of title of all investments of the investment pool shall remain in the custody of the investment officer. The investment officer may deposit with one or more custodial agents or banks those instruments of title that the State Treasurer considers advisable, to be […]
Section 294.865 – Monthly deductions from income received for payment of expenses.
The State Treasurer may deduct monthly a maximum of 0.435 basis points of the most recent market value of assets under the management of the investment pool. Amounts so deducted shall pay the State Treasurer for expenses of the State Treasurer as investment officer and to the extent the amounts deducted are so used shall […]
Section 294.870 – Separate accounts for public bodies; reports on investment changes and monthly financial statements required.
(1) The investment officer shall keep, for each public body with funds in the investment pool, a separate account, which shall record the individual amounts and the totals of all investments of its moneys in the investment pool. (2) The investment officer shall report monthly to the local government official or tribal government official of […]
Section 294.875 – Monthly report of investments of pool funds; distribution.
Not later than 15 days after the last day of each month, the investment officer shall submit to the Oregon Investment Council and the Oregon Short Term Fund Board a report of the investments made during the preceding month. The report shall include a detailed summary of investment, reinvestment, purchase, sale and exchange transactions, setting […]
Section 294.805 – Definitions for ORS 294.805 to 294.895.
As used in ORS 294.805 to 294.895: (1) “Board” means the Oregon Short Term Fund Board. (2) “Council” means the Oregon Investment Council created under ORS 293.706. (3) “Funds” means funds under the control or in the custody of any local government official or tribal government official by virtue of office that are not required […]
Section 294.880 – Program examination and audit; report; distribution.
An examination and audit of the investment pool shall be made separately from the audit of the treasurer for submission to the Oregon Investment Council, public bodies that are investors in the pool, the Legislative Assembly and the Oregon Short Term Fund Board at least once a year and at other times as the council […]
Section 294.810 – Local and tribal governments authorized to place limited funds in pool.
(1)(a) Subject to paragraph (b) of this subsection, with the consent of the governing body, a local government official or tribal government official may place in the aggregate up to $30 million of the funds of the local government or tribal government in the investment pool, or, if the assets of the investment pool have […]