Colorado Statutes
§ 24-75-704 — Investments - limitations
(1)The investments made with local
government investment pool trust fund moneys shall be limited to those
instruments which all participating local governments may individually invest in by
law. The trust fund shall not be used to circumvent such statutory limitations on the
investment authority of participating local government entities.
(2)In order to assure compliance with subsection (1) of this section, the
securities commissioner may, by rule or order, require trust funds to be in
substantial compliance with the rules and regulations regarding money market
funds promulgated by the securities and exchange commission under section 270
of the federal Investment Company Act of 1940. The securities commissioner
may, by rule or order, waive or modify such rules or orders if the
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Legislative History
Source: L. 93: Entire part R&RE, p. 323, � 1, effective July 1.
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§ 24-1-101
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