Louisiana Administrative Code
Title 71 - TREASURY-PUBLIC FUNDS
Part I - Public Funds Investments
Chapter 5 - Permissible Investments
Section I-501 - U.S. Government Agency Obligations

Universal Citation: LA Admin Code I-501

Current through Register Vol. 50, No. 9, September 20, 2024

A. Pursuant to R.S. 49:327(B)(1)(a) and (b), obligations of or obligations guaranteed by, any of the following agencies, instrumentalities, or government-sponsored entities of the United States government, or their successor agencies, universally referred to in the investment community as "agency securities," shall be eligible for investment by the treasurer:

1. Government National Mortgage Association (GinnieMae, GNMA);

2. Federal Agriculture Mortgage Corporation (FAMC);

3. Farm Credit Financial Assistance Corporation (FCFAC);

4. Farm Credit System Banks (FFCB);

5. Farmers Home Administration (FmHA);

6. Federal Home Loan Banks (FHLB);

7. Federal Home Loan Mortgage (FreddieMac, FHLMC);

8. Financing Corporation (FICO);

9. Federal Land Bank Bonds (FLBB);

10. Federal National Mortgage Corporation (FannieMae, FNMA);

11. Resolution Funding Corporation (REFCO);

12. Small Business Administration (SBA);

13. Federal Deposit Insurance Corporation (FDIC);

14. Tennessee Valley Authority (TVA);

15. U.S. Postal Service (USPS).

B. The named agencies may issue such securities as discount notes, notes, debentures, bonds, participation certificates, mortgage-backed securities, collateralized mortgage obligations, adjustable rate mortgages, floating rate notes, and step-up notes of various maturity, call and put features. These securities issued by a named agency are illustrative only. Since agencies periodically issue a new form of security with similar guarantees, any such guaranteed security issued by a referenced agency shall be eligible for investment by the treasurer.

AUTHORITY NOTE: Promulgated in accordance with R.S. 49:327(B)(1)(a) and (b).

Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.