<html> <head> <title>Rule 06:01:04:01 Investment in mortgage-backed securities permitted.</title> <META NAME="Keywords" Content="Administrative Rules 06:01:04:01"> <META NAME="Description" Content="Administrative Rules 06:01:04:01 Investment in mortgage-backed securities permitted."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>6:01:04:01.&nbsp;&nbsp;Investment in mortgage-backed securities permitted.</b> The investment officer may invest or reinvest the moneys of the South Dakota retirement system fund and the cement plant retirement fund in securities fully collateralized by mortgage securities, which are rated &quot;AA&quot; or better by either Standard and Poor's Corporation of Moody's Investor Service, Inc., if the issuer of the securities and the collateral meet the requirements of this chapter.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 9 SDR 53, effective November 3, 1982.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=4-5-28">4-5-28.</A></p> </div> </body> </html>