Chapter 7 - State Money Management Act

Chapter 7 - State Money Management Act

Section 1 - Short title of chapter.
Section 2 - Exemptions from chapter.
Section 3 - Definitions.
Section 3.5 - State fiscal year.
Section 4 - Transfer of functions, powers, and duties relating to public funds to state treasurer -- Exceptions -- Deposit of income from investment of state money.
Section 5 - Transfer of public funds not otherwise required to be transferred to state treasurer -- Duties of public treasurers -- Withdrawals of transferred funds.
Section 6 - Calculation of shares of participating funds -- Allocations of income to participating funds.
Section 7 - Securities and evidence of deposits and investments -- Custody -- Deposit for safekeeping.
Section 8 - Separate accounts for funds -- Credit of allocated shares of income and gains or losses.
Section 9 - Quarterly reports by state treasurer -- Audit of accounts of state treasurer -- Report of audit -- Employment of investment staff and services.
Section 11 - Authorized deposits or investments of public funds.
Section 11.5 - Certified investment advisers -- Scope of and limits to authority.
Section 12.2 - Definitions -- Local government other post-employment benefits trust fund -- Investments -- State treasurer duties.
Section 13 - Funds of member institutions of state system of higher education and public education foundations -- Authorized deposits or investments.
Section 14 - Prudent man rule for management of investments -- Sale of security or investment for less than cost.
Section 15 - Bonds of state treasurer and other public treasurers -- Reports to council.
Section 16 - State Money Management Council -- Members -- Terms -- Vacancies -- Chair and vice chair-- Executive secretary -- Meetings -- Quorum -- Members' disclosure of interests -- Per diem and expenses.
Section 17 - Criteria for investments.
Section 18 - Duties of council.
Section 18.1 - Qualified depositories list -- Reports -- Treatment of confidential information -- Powers -- Staff -- Limits on powers.
Section 18.2 - Public treasurer's reports -- Contents.
Section 18.3 - Certified dealers' list -- Fees.
Section 18.4 - Certified investment advisers' list -- Fees.
Section 19 - Increase in deposits of public funds -- Authorization.
Section 22 - Penalty for violation by public treasurer.
Section 22.4 - Penalties for violation by certified investment advisers.
Section 22.5 - Enforcement.
Section 23 - Transition of investments previously authorized.
Section 24 - Sales and purchase in violation -- Remedies -- Limitation of action.

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