Chapter 5 - CUSTODY AND INVESTMENT OF STATE FUNDS

Section 4-5-1 - State treasurer not to profit from use of funds-Felony-Civil liability
Section 4-5-2 - Incidental funds established for state institutions-Initial warrant
Section 4-5-3 - Purposes for which institution incidental funds may be used
Section 4-5-4 - Accounting for disbursements and reimbursement of institution incidental funds
Section 4-5-4.1 - Limitation of warrants on institutions' funds-Diversion of other funds prohibited-Proration of income
Section 4-5-4.2 - [Repealed]
Section 4-5-5 - Investment of political subdivision funds-Funds subject to provisions
Section 4-5-6 - Investment in securities of or guaranteed by United States, repurchase agreements, or shares of registered investment companies
Section 4-5-6.1 - Investment of public funds not needed for current operating expenses-Conditions
Section 4-5-6.2 - Investment in direct obligations of county, municipality, or school district or in bonds issued by state authority
Section 4-5-7 - Superseded
Section 4-5-8 - Investment policies for local funds determined by governing board
Section 4-5-9 - Custody or deposit of investments-Exception-Credit of interest earned
Section 4-5-10 - Application for redemption of securities
Section 4-5-11 - Supplemental authority for investment of public funds
Section 4-5-12 - State Investment Council continued
Section 4-5-12.1 - Regulations and reports provided to state treasurer
Section 4-5-13 - Appointment and terms of investment council members
Section 4-5-14 - Council members-Qualifications-Restrictions
Section 4-5-14.1 - Exceptions to section 4-5-14
Section 4-5-15 - [Repealed]
Section 4-5-16 - Removal of council member from office-Filling of vacancies
Section 4-5-17 - Election of chairman
Section 4-5-18 - Division of investment continued-Immediate supervision
Section 4-5-18.1 - [Repealed]
Section 4-5-19 - Appointment of state investment officer-Removal-Qualifications
Section 4-5-20 - Investment officer to devote full time-Salary
Section 4-5-21 - State employees' blanket bond coverage-Premium
Section 4-5-22 - Annual budget for division-Appointment of employees
Section 4-5-23 - Public funds to be invested by investment officer-Functions transferred-Agreements with risk-sharing entities
Section 4-5-24 - Omitted
Section 4-5-25 - Monthly reports to investment officer of state transactions
Section 4-5-26 - Classes of investments approved
Section 4-5-27 - Prudent-person standard required in investments
Section 4-5-28 - Policy regulations and restrictions formulated by council
Section 4-5-29 - Investment officer authorized to make transactions-Duty to protect state interests
Section 4-5-29.1 - Health care trust fund-Investment officer to calculate amount eligible for distribution-Transfer to state general fund
Section 4-5-29.2 - Education enhancement trust fund-Calculation of amount eligible for distribution-Transfer to general fund-Postsecondary scholarship grant programs
Section 4-5-29.3 - Indemnity provision-Authorization
Section 4-5-30 - Pooling of cash accounts-Certification by Appropriations Committee-Prorating of income-Transfer of money to investment council expense account
Section 4-5-30.1 - [Repealed]
Section 4-5-31 - Physical custody of securities purchased-Deposit with fiscal agent
Section 4-5-32 - Monthly report to investment council-Contents-Public inspection
Section 4-5-33 - Meetings of investment council-Access to records-Inspection and review
Section 4-5-34 - Proceedings to collect principal or interest on investments-Refunding of securities held
Section 4-5-35 - Post-audit of investment transactions-Annual report of auditor-general
Section 4-5-36 - Reports to Legislature by investment council
Section 4-5-37 - Conflicts with other laws
Section 4-5-38 - Severability of provisions
Section 4-5-39 - Short title
Section 4-5-40 - Agreement to purchase general obligation funding bonds-Certification and approval required-Bonds to bear interest, mature, etc
Section 4-5-41 - School district eligibility-Determination and certification
Section 4-5-42 - Prudent investment defined-Liability
Section 4-5-43 - Obligation to purchase-Enforceability
Section 4-5-44 - Cost of participation
Section 4-5-45, 4-5-46 - [Repealed]
Section 4-5-47 - Investment of trust fund containing proceeds from sale of state cement enterprises
Section 4-5-48 - Definition of terms related to investments in companies liable under Iran Sanctions Act
Section 4-5-49 - Identification of holdings in scrutinized companies
Section 4-5-50 - List of scrutinized companies
Section 4-5-51 - Updating scrutinized companies list
Section 4-5-52 - Procedures with respect to companies on scrutinized companies list
Section 4-5-53 - Divestiture of securities in companies with scrutinized business operations
Section 4-5-54 - Acquisition of securities in companies with scrutinized business operations prohibited
Section 4-5-55 - Exemption from divestiture requirements
Section 4-5-56 - Inapplicability to certain investments
Section 4-5-57 - Indirect holdings in actively managed investment funds
Section 4-5-58 - Report to Legislative Research Council Executive Board
Section 4-5-59 - Circumstances under which sections 4-5-48 to 4-5-60, inclusive, become inoperative
Section 4-5-60 - Construction with other state law