Utah Administrative Code
Topic - Money Management Council
Title R628 - Administration
Rule R628-17 - Limitations on Commercial Paper and Corporate Notes
Section R628-17-3 - Purpose
Universal Citation: UT Admin Code R 628-17-3
Current through Bulletin 2024-06, March 15, 2024
The purpose of this rule is to provide guidelines for treasurers when investing public funds in commercial paper or corporate obligations. The guidelines established by this rule are designed to be flexible enough to allow public treasurers to receive competitive market rates on funds placed in these types of investment instruments while maintaining sufficient protection from loss.
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