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Treasurer programs, interest earnings and reporting explained; committee asked for detailed fund-level interest reports
Summary
Legislative staff reviewed the State Treasurer’s investment programs (LGIP, Diversified Bond Fund, idle pool, Millennium Permanent Endowment Fund) and said the idle pool earned over $249 million in FY2024; members asked staff to post fund‑level interest‑earnings reports and statutory directions for interest distributions.
Christopher Lahoset, budget and policy analyst with the Legislative Services Office, briefed the committee on programs managed by the Idaho State Treasurer’s Office and on interest and earnings reporting.
Lahoset described four treasurer programs: the Local Government Investment Pool (LGIP), which allows local governments to pool idle cash for short‑term, low‑risk investments; the Diversified Bond Fund (DBF), a longer‑horizon bond fund for state and…
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