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Tollway finance committee reiterates conservative investment policy and 25‑year debt maturity limit
Summary
Finance staff reviewed the Tollway's investment policy and debt management guidelines, emphasizing statutory and trust‑indenture constraints that limit investments largely to government securities and money‑market funds, an investment yield near 4%, and a 25‑year legal limit on bond maturities.
Finance staff on Jan. 21 presented the Tollway's investment policy and debt management guidelines to the Finance & Audit Committee, reiterating that statutory requirements and the agency's trust indenture narrow permissible investments largely to U.S. government and agency securities, certain money‑market funds and fully collateralized deposits.
Kathy (finance) said the policy — adopted May 22, 2014 — is designed to preserve principal while providing liquidity and reasonable return, and that the Illinois State Treasurer serves as…
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