LAC 71:I.111

LAC 71:I.111. Investment of Cash and Cash Equivalents

Last amended: 1995Year: 2026Length: 83 wordsOfficial source

Cite as La. Admin. Code tit. 71, pt. I, § 111

A. Any portion of the assets which is cash or the equivalent of cash ("LEQTF Cash") may be invested in a short-term investment fund (STIF) maintained for the LEQTF. All securities held in such STIF must be of the type permitted by applicable law as eligible for investment by the state treasurer. LEQTF cash may also be invested in commercial paper rated in the two highest credit quality classes of Moody's, Inc. (P1 or P2) or of Standard and Poor's (A1 or A2).
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