Utah Admin. Code R628-17-5 - General Rule
The maximum amount of any public treasurer's portfolio which can be invested in a single issuer of commercial paper and corporate obligations shall be 5% of the total portfolio. The preceding sentence shall not apply to any investment held by a public treasurer before the effective date of August 22, 2022 and the public treasurer may hold such investment until its maturity.
The amount or percentages used in determining the amount of commercial paper and or corporate obligations a treasurer may purchase, shall be determined by the book value of the portfolio at the time of purchase.
Notes
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