Utah Administrative Code
Topic - Money Management Council
Title R628 - Administration
Rule R628-17 - Limitations on Commercial Paper and Corporate Notes
Section R628-17-5 - General Rule
Universal Citation: UT Admin Code R 628-17-5
Current through Bulletin 2024-06, March 15, 2024
The maximum amount of any public treasurer's portfolio which can be invested in a single issuer of commercial paper and corporate obligations shall be 5% of the total portfolio. The preceding sentence shall not apply to any investment held by a public treasurer before the effective date of August 22, 2022 and the public treasurer may hold such investment until its maturity.
The amount or percentages used in determining the amount of commercial paper and or corporate obligations a treasurer may purchase, shall be determined by the book value of the portfolio at the time of purchase.
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