2010 Idaho Code
TITLE 67 STATE GOVERNMENT AND STATE AFFAIRS
CHAPTER 12 STATE TREASURER
67-1210A ADDITIONAL ALLOWABLE INVESTMENTS BY THE STATE TREASURER.

TITLE 67

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.