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CHAPTER 4-5

CUSTODY AND INVESTMENT OF STATE FUNDS

4-5-1      State treasurer not to profit from use of funds--Felony--Civil liability.
4-5-2      Incidental funds established for state institutions--Initial warrant.
4-5-3      Purposes for which institution incidental funds may be used.
4-5-4      Accounting for disbursements and reimbursement of institution incidental funds.
4-5-4.1      Limitation of warrants on institutions' funds--Diversion of other funds prohibited--Proration of income.
4-5-4.2      Repealed.
4-5-5      Investment of political subdivision funds--Funds subject to provisions.
4-5-6      Investment in securities of or guaranteed by United States, repurchase agreements, or shares of registered investment companies.
4-5-6.1      Investment of public funds not needed for current operating expenses--Conditions.
4-5-6.2      Investment in direct obligations of county, municipality, or school district or in bonds issued by state authority.
4-5-7      Superseded.
4-5-8      Investment policies for local funds determined by governing board.
4-5-9      Custody or deposit of investments--Exception--Credit of interest earned.
4-5-10      Application for redemption of securities.
4-5-11      Supplemental authority for investment of public funds.
4-5-12      State Investment Council continued.
4-5-12.1      Regulations and reports provided to state treasurer.
4-5-13      Appointment and terms of investment council members.
4-5-14      Qualifications of council members--Restrictions on business and political activities.
4-5-14.1      Exceptions to § 4-5-14.
4-5-15      Repealed.
4-5-16      Removal of council member from office--Filling of vacancies.
4-5-17      Election of chairman.
4-5-18      Division of investment continued--Immediate supervision.
4-5-18.1      Repealed.
4-5-19      Appointment of state investment officer--Removal--Qualifications.
4-5-20      Investment officer to devote full time--Salary.
4-5-21      State employees' blanket bond coverage--Premium.
4-5-22      Annual budget for division--Appointment of employees.
4-5-23      Public funds to be invested by investment officer--Functions transferred--Agreements with risk-sharing entities.
4-5-24      Omitted.
4-5-25      Monthly reports to investment officer of state transactions.
4-5-26      Classes of investments approved.
4-5-27      Prudent-man standard required in investments.
4-5-28      Policy regulations and restrictions formulated by council.
4-5-29      Investment officer authorized to make transactions--Duty to protect state interests.
4-5-29.1      Health care trust fund--Investment officer to calculate amount eligible for distribution--Transfer to state general fund.
4-5-29.2      Education enhancement trust fund--Calculation of amount eligible for distribution--Transfer to general fund--Postsecondary scholarship grant programs.
4-5-30      Pooling of cash accounts--Certification by Appropriations Committee--Prorating of income--Transfer of money to investment council expense account.
4-5-30.1      Repealed.


4-5-31      Physical custody of securities purchased--Deposit with fiscal agent.
4-5-32      Monthly report to investment council--Contents--Public inspection.
4-5-33      Meetings of investment council--Access to records--Inspection and review.
4-5-34      Proceedings to collect principal or interest on investments--Refunding of securities held.
4-5-35      Post-audit of investment transactions--Annual report of auditor-general.
4-5-36      Reports to Legislature by investment council.
4-5-37      Conflicts with other laws.
4-5-38      Severability of provisions.
4-5-39      Short title.
4-5-40      Agreement to purchase general obligation funding bonds--Certification and approval required--Bonds to bear interest, mature, etc.
4-5-41      School district eligibility--Determination and certification.
4-5-42      Prudent investment defined--Liability.
4-5-43      Obligation to purchase--Enforceability.
4-5-44      Cost of participation.
4-5-45, 4-5-46. Repealed.
4-5-47      Investment of trust fund containing proceeds from sale of state cement enterprises.
4-5-48      Definition of terms related to investments in companies liable under Iran Sanctions Act.
4-5-49      Identification of holdings in scrutinized companies.
4-5-50      List of scrutinized companies.
4-5-51      Updating scrutinized companies list.
4-5-52      Procedures with respect to companies on scrutinized companies list.
4-5-53      Divestiture of securities in companies with scrutinized business operations.
4-5-54      Acquisition of securities in companies with scrutinized business operations prohibited.
4-5-55      Exemption from divestiture requirements.
4-5-56      Inapplicability to certain investments.
4-5-57      Indirect holdings in actively managed investment funds.
4-5-58      Report to Legislative Research Council Executive Board.
4-5-59      Circumstances under which §§ 4-5-48 to 4-5-60, inclusive, become inoperative.
4-5-60      Construction with other state law.


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