This bill proposes several updates to the current statutes governing the State Treasurer's investment practices. It introduces new requirements that mandate the Treasurer to prioritize safety and principal preservation in investments, explicitly prohibiting speculative investments. Additionally, the bill prohibits the use of insider information for personal gain or to benefit others, ensuring that the interests of the Treasurer's office take precedence over personal interests.

The bill also includes definitions for "insider information" and "speculative investments," clarifying what constitutes these terms in the context of the Treasurer's duties. Furthermore, it amends the existing requirement for the Treasurer to provide monthly statements of receipts and expenditures by adding a requirement to include an estimate of the invested balance, specifically noting the state general fund share as of June 30 of the preceding fiscal year. Overall, these changes aim to enhance transparency and ethical standards in the management of state funds.

Statutes affected:
Introduced Version: 41-172