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.

KEY: public investments, securities, securities regulations

Date of Last Change: August 23, 2022

Notice of Continuation: March 25, 2022

Authorizing, and Implemented or Interpreted Law: 51-7-18(2)(b)