|
|   Idaho Statutes
ati54065.tmp
STATE GOVERNMENT
AND STATE AFFAIRS CHAPTER 12 STATE TREASURER 67-1210A.Additional allowable investments by the state treasurer. In addition to investments
enumerated in section 67-1210, Idaho
Code, the state treasurer is authorized and empowered to invest state
funds or any other funds in his hands including, but not limited to,
funds of any public agency invested pursuant to joint exercise of
powers agreements, in prime banker’s acceptances and prime commercial
paper, sales and repurchase of call options, securities lending agreements,
and bonds, debentures or notes of any corporation organized, controlled
and operating within the United States which have, at the time of
their purchase, an A rating or higher by a commonly known rating service.
Such securities lending agreements shall require the borrower to provide
and maintain collateral (cash or securities which are authorized investments
for the state treasurer) at least equal in value to the value of the
securities loaned. The sale (writing) and repurchase of call options
is permitted only when the state treasurer or the joint powers local
government pooled fund own the securities on which the option is written. The provisions of this
section shall not be construed to enlarge the powers of other public
agencies to invest in prime banker’s acceptances, prime commercial
paper, sales and repurchase of call options, securities lending agreements,
or bonds, debentures or notes of any corporation unless such investments
are made by the state treasurer pursuant to a joint exercise of powers
agreement. The Idaho Code is made available on the Internet by the Idaho Legislature as a public service. This Internet version of the Idaho Code may not be used for commercial purposes, nor may this database be published or repackaged for commercial sale without express written permission. Search the Idaho Statutes Available Reference: Search Instructions. The Idaho Code is the property of the state of Idaho, and is copyrighted by Idaho law, I.C. § 9-350. According to Idaho law, any person who reproduces or distributes the Idaho Code for commercial purposes in violation of the provisions of this statute shall be deemed to be an infringer of the state of Idaho's copyright. |
