Treasurer’s office describes four investment programs and confirms interest reports will be shared with JFAC
LSO and treasurer’s-office materials described four investment programs the state uses — LGIP, Diversified Bond Fund, Idle Pool, and the Millennium Permanent Endowment Fund — and noted the Idle Pool earned about $24.9 million in FY2024.
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Christopher Lahoset, a budget and policy analyst with the Legislative Services Office, summarized the programs the State Treasurer’s Office runs to manage public cash and investments and explained how interest earnings are recorded.
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