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Treasurer's office outlines investment pools and posts interest reports for member review
Summary
The state treasurer's office described four investment pools used to manage idle cash and local government funds and said an interest-by-fund report will be posted to committee SharePoint so JFAC members can track earnings and where interest is directed.
Christopher Lahoset, a Legislative Services Office budget and policy analyst, summarized the state treasurer's investment programs and the treasurer's year-to-date earnings reports for the committee.
Lahoset described four main programs the treasurer manages: the Local Government Investment Pool (LGIP) for cities, counties and special districts; the Diversified Bond Fund (DBF) for longer-term bond investing; the Idle Pool, which…
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