Effective September 1, 2016, the Pennsylvania State Treasury will manage all INVEST portfolios in accordance with Act #10. The Act expands allowable investments to include Commercial Paper and Negotiable Certificates of Deposit in addition to the U.S. Government securities currently utilized. The expansion will provide an opportunity to benefit from the higher yields available on non-government issued obligations when they are a prudent addition to the securities held in the Portfolios.
The complete text of the Act is available HERE for your information. Please contact Denise Nornhold @ 717-772-5433 or dknornhold@patreasury.gov if you have any questions concerning this new initiative.
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