Wyo. Code R. 004-0004-1
Effective Date: 01/25/1993 to 02/28/1997
Rule Type: Superceded Rules & Regulations
Reference Number: 004.0004.1.01251993
treasurer/lclinvest/01_Local_Investment_Pool
Agency TREASURER
Treasurer's Office
Program LCLINVEST
Local Investment Pool
Chapter Name Local Investment Pool
Chapter No.1
Date Filed 01/25/93
Expr Date
Supr Date
Repeal Date
Document Type RULES
The reason for adopting these rules is to set forth procedures to be followed by the State Treasurer for the operation of a local investment pool, pursuant to the provisions of W.S. 9-1-416.
The State Treasurer, pursuant to W.S. 9-1-416 and W.S. 16-31101, et seq., adopts the following rules for the operation of a local investment pool.
(d) No pool participant shall have a claim on any specific asset of the investment pool but shall have an undivided interest based on the ratio of that participant's cash balance as a percentage of the total cash balance of the investment pool.
(e) Separate accounts will be maintained for each political entity.
(f) Participant funds will not be co-mingled with State funds.
(a) All income earned by the pool will be distributed to participants.
(b) Income will be calculated on each entity's average daily cash balance in the pool.
(c) Interest will be calculated and credited semi-annually. Interest earned for the period January 1 through June 30 will be credited in July; interest earned for the period July 1 through December 31 will be credited in January.
(a) The minimum transaction size for deposit to or withdrawal from the pool will be five thousand dollars ($5,000.00).
(b) A maximum transaction size may be set by the State Treasurer based on the total pool size and other situational conditions.
(a) All deposits may be made by warrant or wire transfer.
(i) Deposits made by warrant will be credited to the entity on the day received but cannot be invested until funds are collected. Mail delays and collection time delays should be considered when transmitting warrants.
(ii) Withdrawals made by wire transfer will be available on the day of transfer.
(b) All costs of wire transfers will be borne by the entity making the deposit to the investment pool.
(c) The State Treasurer will supply complete wire instructions for deposits to the investment pool. Each political entity must provide complete wire instructions for withdrawals.
(d) All deposits or withdrawals will be confirmed in writing by the State Treasurer.
(a) All notices of withdrawal must be received by the State Treasurer's Office one (1) business day preceding the day of withdrawal. Requests may be made in writing or by telephone. In the case of a telephone request, the request must be confirmed in writing.
(a) All deposits or withdrawals will be confirmed in writing to the pool participant. (b) Cash balances will be reported semi-annually as of June 30 and December 31. (c) An interest earnings statement will be provided on a semi-annual basis. (d) The State Treasurer will respond to all audit confirmations as received. (NOTE: Only cash balances will be confirmed; interest will be credited semi-annually. No estimates or interest calculations will be made between interest payment dates.) (e) The State Treasurer will respond to phone inquiries from pool participants.
CHAPTER I LOCAL INVESTMENT POOL
Section No.
Subject
Page No.
1
Authority
1
2
Definitions
1
3
Form of Investment
1
4
Income Distribution
2
5
Transaction Amount
2 6
Pool Transfers--Deposits to,
2 7
Notice of Withdrawal
2 8
Reporting Requirements
3
Withdrawals From