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Task force examines investing local government reserves in-state; report due Nov. 30
Summary
A state task force led by the state treasurer is studying whether funds held by local governments could be invested more in Utah institutions to benefit the state's economy. A University of Chicago study is expected Nov. 3 and the task force final report is due Nov. 30, League representatives said.
Paul (local government representative on the Asset Investment Review Task Force) updated LPC members on a task force convened by the state treasurer to examine whether local-government-held reserves are increasingly staying in nonlocal investments and whether greater in-state investment would yield broader state benefits.
Why it matters: The task force’s recommendations could lead to…
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