A Review of State Entity and Community College District Compliance with the Public Funds Investment Act and Investment Reporting Requirements
March 2006
Report Number 06-026
Overall Conclusion
Overall, state agencies, universities, and community college districts fully or substantially complied with the Public Funds Investment Act (Act). In general, universities and community college districts also fully or substantially complied with higher education investment reporting requirements mandated by Rider 5 (General Appropriations Act, 79th Legislature, page III-243). With $42 billion in investments as of August 31, 2005, it is important that these entities comply with statutes and investment reporting requirements designed to help the Legislature, the entities' boards, and the general public ensure that entities manage and disclose their investments appropriately.
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