• § 36-83-1 - Short Title
  This chapter shall be known and may be cited as the "Local Government Investment Pool Act."
• § 36-83-2 - Legislative Findings; Purpose of Chapter
  (a) The General Assembly finds that the public interest is served by maximum and prudent investment of idle public funds so that the need...
• § 36-83-3 - Definitions
  As used in this chapter, the term: (1) "Depository institution" means any commercial bank or trust company, mutual savings bank, savings and loan association,...
• § 36-83-4 - Authorized Investments; Delegation of Investment Authority to Financial Officer; Objective of Investment
  (a) (1) Subject to the procedures set forth in this chapter, the governing authority of any local government may invest and reinvest any money...
• § 36-83-5 - Pledge of Collateral From Depository Institutions
  Local governments shall require from a depository institution a pledge of collateral as provided in Chapter 8 of Title 45.
• § 36-83-6 - Interfund Pooling for Investment Purposes
  (a) Local governments may effect and are encouraged to effect temporary transfers among separate funds, for the purpose of pooling amounts available for investment.(b)...
• § 36-83-7 - State Technical Assistance
  The State Depository Board, through the state treasurer, may assist local governments in developing effective cash management policies and in investing funds that are...
• § 36-83-8 - Local Government Investment Pool
  (a) A local government investment pool is created, consisting of the aggregate of all funds from local governments and all funds from other bodies...

Last modified: October 14, 2016