| Notice Filed with SOS |
10/27/2016 |
| Rule |
ProposedRuleAttach2016-00564.doc |
| Additional Information |
AddInfoAttach2016-00564.doc |
| Statutory Authority |
11-51-901, et seq. C.R.S. and 24-75-701, et seq., C.R.S |
| Description of Subjects/Issues |
To replace the requirement of compliance by local government in investment pool trust funds ("LGIPs") with SEC Reg. § 270 2a-7, with these rules. The new rules allow LGIPs to maintain a stable net asset value per share of $1.00 while providing a reliable source of liquidity to pool participants. |
| Purpose/Objective of Rule |
To replace the requirement of compliance by local government investment pool trust funds ("LGIPs") with SEC Reg. § 270.2a-7, with these proposed rules. The proposed rules would allow LGIPs to maintain a stable net asset value per share of $1.00 while providing a reliable source of liquidity for pool participants. |
| Basis And Purpose |
BasisAndPurposeAttachment2016-00564.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
12/07/2016 |
| Hearing Time |
09:00 AM |
| Hearing Location |
Civic Center Plaza 1560 Broadway, Denver, CO 80202 Conference Room 1250B |
| Contact Name |
Lillian Alves |
| Contact Title |
Deputy Commissioner |
| Contact Telephone |
303.894.2320 |
| Contact email |
lillian.alves@state.co.us |