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§ 301.3. Annual investment report

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal AffairsEffective: July 4, 2008

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 1. The Fiscal Code (Refs & Annos)
Article III. Treasury Department
Effective: July 4, 2008
72 P.S. § 301.3
§ 301.3. Annual investment report
Currentness
By November 30, 2008, and annually thereafter, the State Treasurer shall submit a report to the Governor and to the chair and minority chair of the Appropriations Committee of the Senate, the chair and minority chair of the Finance Committee of the Senate, the chair and minority chair of the Appropriations Committee of the House of Representatives and the chair and minority chair of the Finance Committee of the House of Representatives. The report shall cover the period consisting of the most recently ended fiscal year. The report shall provide for the following:
(1) An analysis of the status and performance of the current investments and transactions made over the last fiscal year.
(2) Targeted asset allocation and actual asset allocation on September 30, December 31, March 31 and June 30 of the previous fiscal year.
(3) The standards and measures of investment performance, including benchmarks for each asset class.
(4) Return for each asset class including a breakdown of the return versus the targeted benchmark calculated net of fees.
(5) A list of external managers, including whether the manager was selected through competitive bid or as a sole source selection, the principals and key staff of the manager, the date of the manager's hire, the amount of fees received by the manager in the previous fiscal year and the return on the manager's portfolio versus his targeted benchmark.
(6) Brokerage fees.
(7) Securities lending information.
(8) Proxy voting information.
(9) Information on securities litigation.

Credits

1929, April 9, P.L. 343, No. 176, art. III, § 301.3, added 2008, July 4, P.L. 629, No. 53, § 2, imd. effective.
72 P.S. § 301.3, PA ST 72 P.S. § 301.3
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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