Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer staff describes LGIP, diversified bond fund, idle pool and millennium endowment; committee asks where interest is recorded
Summary
The committee heard a treasurer‑office overview of four investment pools that hold state and local government cash and asked for detailed reports showing interest by fund and where statutory direction sends earned interest.
Legislative staff summarized investment programs managed by the state treasurer and the interest those programs generated, and committee members asked for fund‑level reports on where interest earnings are recorded.
Christopher Lahoset, budget and policy analyst with the Legislative Services Office, gave a four‑part overview of the state treasurer’s investment vehicles: the Local Government Investment Pool (LGIP), the Diversified Bond Fund (DBF), the state idle pool (daily cash management) and the Millennium Permanent Endowment Fund (MPEF, the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
