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Treasury programs and interest returns reviewed; staff to post fund‑level interest reports
Summary
Legislative analysts summarized the State Treasurer's investment programs — LGIP, diversified bond fund, idle pool and Millennium Permanent Endowment Fund — and said reports showing interest earned by fund and agency will be posted to the committee SharePoint for follow up.
Christopher Lahoset, a budget and policy analyst with the Legislative Services Office, summarized the State Treasurer's four main investment programs and how interest earnings are recorded and allocated.
Lahoset described the Local Government Investment Pool (LGIP) for cities, counties and school districts; the Diversified Bond Fund (DBF) for longer‑term agency…
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