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1 The State and Its Government; State Treasurer and State Accounts; Public Deposit Investment Pool. Amend RSA 6:45, II to read as follows:
II. The public deposit investment pool shall be operated under contract with a private investment advisor, approved by the state treasurer and advisory committee. The state treasurer and advisory committee shall choose an investment advisor by requesting proposals from advisors and reviewing such proposals based on criteria established by the state treasurer.
2 New Subparagraph; State Treasurer and State Accounts; Public Deposit Investment Pool; Public Deposit Investment Pool Advisory Committee. Amend RSA 6:47, I by inserting after subparagraph (g) the following new subparagraph:
(h) One member appointed by the Municipal Managers Association of New Hampshire.
3 Effective Date. This act shall take effect 60 days after its passage.
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1 The State and Its Government; State Treasurer and State Accounts; Public Deposit Investment Pool. Amend RSA 6:45, II to read as follows:
II. The public deposit investment pool shall be operated under contract with a private investment advisor, approved by the state treasurer and advisory committee. The state treasurer and advisory committee shall evaluate investment advisors by requesting proposals from advisors and reviewing such proposals based on criteria established by the state treasurer. and advisory committee, subject to a competitive bidding process. Such contract shall be submitted to the governor and executive council for final approval.
2 New Subparagraph; State Treasurer and State Accounts; Public Deposit Investment Pool; Public Deposit Investment Pool Advisory Committee. Amend RSA 6:47, I by inserting after subparagraph (g) the following new subparagraph:
(h) One member appointed by the Municipal Managers Association of New Hampshire.
3 Effective Date. This act shall take effect 60 days after its passage.