No later than twenty days after the end of each month, the state investment officer shall submit to the council a report of the operations of the investment office during the past month. Each report shall include a schedule of cumulative fiscal year actual and budgeted expenditures and a monthly summary of contributions, distributions, fees, income and net gains or losses for each permanent fund and investment pool. The reports shall be published on the web site of the council and the sunshine portal and shall be open for inspection to the public and the press in the investment office.
History: 1953 Comp., § 11-2-8.17, enacted by Laws 1957, ch. 179, § 14; 1977, ch. 247, § 104; 2010, ch. 14, § 5; 2015, ch. 95, § 8.
ANNOTATIONSThe 2015 amendment, effective June 19, 2015, amended the contents of the monthly report of the operations of the investment office that is required to be submitted by the state investment officer; after "No later than", deleted "ten" and added "twenty", after "days after the", deleted "close" and added "end", after "investment officer shall submit to", deleted "the secretary and", after "the", deleted "state investment", after "operations of the", added "investment", after "Each report shall", deleted "give complete statement of the state investment portfolio as of the time of the report and, in addition, shall include a detailed summary of the month's investment, reinvestment, purchase, sale and exchange transactions, setting forth the investments bought, sold or exchanged, the dates thereof, the prices paid or obtained, the name of the dealers involved, fees paid for each transaction, disclosure of contractor arrangements and a statement of the funds or accounts referred to herein. The reports shall also be circulated to a mailing list of investment bankers and brokers recommended by the council" and added "include a schedule of cumulative fiscal year actual and budgeted expenditures and a monthly summary of contributions, distributions, fees, income and net gains or losses for each permanent fund and investment pool", after "published on the web", changed "sites" to "site", after "of the council", deleted "the legislature and the department of finance and administration" and added "and the sunshine portal", after "the press in the", deleted "office of the state", and after "investment", deleted "officer" and added "office".
The 2010 amendment, effective March 1, 2010, in the second sentence, after "the names of dealers involved", added "fees paid for each transaction, disclosure of contractor arrangements" and in the fourth sentence, after "The reports shall be", added "published on the web sites of the council, the legislature and the department of finance and administration and shall be".