§ 35-310 – Definitions
35-310. Definitions In this article, unless the context otherwise requires: 1. " Eligible depository" means any commercial or savings bank or savings and loan association with its principal place of business in the United States which is insured by the federal deposit insurance corporation or any successor, or any other insuring instrumentality of the United […]
§ 35-323.01 – Investment of government monies in deposits; conditions; definition
35-323.01. Investment of government monies in deposits; conditions; definition A. If an investing entity invests in deposits pursuant to this section, the investing entity shall invest those monies in accordance with all of the following conditions: 1. The monies are initially invested through an eligible depository in this state selected by the investing entity. 2. […]
§ 35-311 – State board of investment; membership; powers and duties
35-311. State board of investment; membership; powers and duties A. The state board of investment is established consisting of the state treasurer, the director of the department of administration or the director of the department of administration’s designee, the director of the department of insurance and financial institutions or the director of the department of […]
§ 35-324 – Investment of trust funds
35-324. Investment of trust funds The treasurer shall invest and reinvest monies of trust funds in: 1. Any securities allowed for the investment of public monies. 2. Fixed income securities of corporations organized and doing business in any state of the United States or the District of Columbia that carry one of the two highest […]
§ 35-312 – Eligible depositories; collateral
35-312. Eligible depositories; collateral A. Any eligible depository that receives an investment or any deposit of treasury monies of more than the amount insured by an instrumentality of the United States shall collateralize those deposits with any of the following: 1. Securities listed in section 35-313, subsection A, paragraphs 1 and 3. 2. State treasurer’s […]
§ 35-325 – Servicing bank of public monies
35-325. Servicing bank of public monies A. Any bank that qualifies to become an eligible depository of the deposits of public monies, that has a total capital structure of ten million dollars or more, resources of one hundred million dollars or more and that is otherwise in a sound condition is eligible to be the […]
§ 35-313 – Investment of trust and treasury monies; loan of securities
35-313. Investment of trust and treasury monies; loan of securities A. The state treasurer shall invest and reinvest trust and treasury monies in any of the following items: 1. Obligations issued or guaranteed by the United States or any of its agencies, sponsored agencies, corporations, sponsored corporations or instrumentalities. 2. Repurchase agreements collateralized with securities […]
§ 35-314 – Equity investment of trust and treasury monies; definition
35-314. Equity investment of trust and treasury monies; definition A. The state treasurer may invest and reinvest monies in equity securities for any fund for which equity investment is authorized. B. The state treasurer shall exercise prudence, judgment and care under the prevailing circumstances when investing in equity securities and may reduce the portion of […]
§ 35-314.01 – Permanent state land fund monies; investment
35-314.01. Permanent state land fund monies; investment In addition to the investment authority in section 35-313, the state treasurer may invest and reinvest monies of the state land funds established in sections 37-521 through 37-525 in equity securities pursuant to section 35-314, except that not more than sixty per cent of the monies in each […]
§ 35-314.02 – Budget stabilization fund monies; investment
35-314.02. Budget stabilization fund monies; investment In addition to the investment authority in section 35-313, the state treasurer may invest and reinvest monies of the budget stabilization fund established in section 35-144 in equity securities pursuant to section 35-314, except that not more than twenty-five per cent of the monies may be invested in equity […]