(A) Unless specifically prohibited by law or elsewhere by these investment criteria in this policy, monies in the pool may be invested and reinvested only in investments authorized and within the legal limits required by the investment laws for the investment of state funds.
(B) Although a number of investment options are authorized in I.C. 5-13 for state investments, the predominate asset classes will be considered to comprise the pool portfolio are:
(1) Securities backed by the full faith and credit of the United States Treasury or fully guaranteed by the United States and issued by:
(a) The United States Treasury;
(b) A federal agency;
(c) A federal instrumentality; and
(d) A federal government sponsored enterprise.
(2) Securities issued by:
(a) A federal agency;
(b) A federal instrumentality; and
(c) A federal government sponsored enterprise.
(3) Repurchase agreements with state designated depositories, fully collateralized with a perfected security interest in the collateral;
(4) Certificates of deposit;
(5) Municipal securities issued by a state local governmental entity, a quasi-governmental entity related to the state, or a unit of government, municipal corporation or special taxing district in the state, if the issuer has not defaulted on any of the issuer’s obligations within the 20 years preceding the date of the purchase;
(6) AAA rated (Standard and Poor’s (S&P) financial service company) or AAA rated (Moody’s Investor Service) money market mutual funds comprised of the foregoing; and
(7) Trust Indiana - local government investment pool.
(Res. R-18-02, passed 1-30-2018)