Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005
Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005
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In our eReader you can find the full English version of the book. Read Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005
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HISTORY AND ORGANIZATION The Board was created by the Legislature to invest and manage Montana*s Unified Investment Program. The Short Term Investment Pool (STIP) was created by the Board to allow qualifying funds, per sections 17-6-201, 202 and 204, MCA, to participate in a diversified pool. Although state agencies with accounts that retain their interest earnings are legally required to invest in STIP, local governments may voluntarily participate in STIP.
The purpose of STIP is to obtain the... highest possible return, yet maintain a highly liquid position whereby funds may be invested for relatively short periods, one day or more, depending upon the participant's anticipated use of the funds. The investments and the income from STIP are owned by the participants, as they purchase units, and are managed on their behalf by the Board.
Although STIP is not registered with the Securities and Exchange Commission (SEC) as an investment company, the Board has as policy that STIP will, and does, operate in a manner consistent with the SEC's rule 2a7 of the Investment Company Act of 1940.
What to read after Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
HISTORY AND ORGANIZATION The Board was created by the Legislature to invest and manage Montana*s Unified Investment Program. The Short Term Investment Pool (STIP) was created by the Board to allow qualifying funds, per sections 17-6-201, 202 and 204, MCA, to participate in a diversified pool. Although state agencies with accounts that retain their interest earnings are legally required to invest in STIP, local governments may voluntarily participate in STIP.
The purpose of STIP is to obtain the... highest possible return, yet maintain a highly liquid position whereby funds may be invested for relatively short periods, one day or more, depending upon the participant's anticipated use of the funds. The investments and the income from STIP are owned by the participants, as they purchase units, and are managed on their behalf by the Board.
Although STIP is not registered with the Securities and Exchange Commission (SEC) as an investment company, the Board has as policy that STIP will, and does, operate in a manner consistent with the SEC's rule 2a7 of the Investment Company Act of 1940.
What to read after Board of Investments, Department of Commerce, Financial-Compliance Audit for the Fiscal Year Ended June 30 .. 2005?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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