STATE PERMITTED INVESTMENTS

Summary

The bill lets the State Treasurer put state money into private placement fixed‑income securities that are exempt from SEC registration, as long as specific conditions are met. It also permits investment in large pooled investment trusts run by labor federation officials, provided the investment stays under set percentages and the issuer isn’t on a restricted list. These changes aim to broaden investment options while protecting state assets.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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