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 […]
Section 294.882 – Merger or subsequent separation of investment pool and Oregon Short Term Fund; preconditions.
(1) It is recognized that a time may come when the interest of local governments and tribal governments diminishes to the extent that participation in the investment pool no longer warrants its operation as a separate fund. If the investment pool decreases to a level below $125 million, the State Treasurer may transfer the assets […]
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 […]