Statutes & Guidelines
Investment Statutes and Guidelines
State statute governs the investment of the State's operating and restricted cash (i.e. nonpension funds) through two sections. One statute provides a list of eligible investments for all public monies while the latter governs trust funds (the Trust Investment Account) with a longer horizon. In addition, the Treasurer's Office issues additional guidance that is reviewed periodically, to assure that the three investment objectives -- safety, liquidity, and yield -- are met.
