Administration of Public Funds

ORS 293.716
State Treasurer is investment officer for council

  • subordinate personnel
  • bonds


(1)

The State Treasurer is the investment officer for the Oregon Investment Council, and shall perform functions in that capacity as authorized or required by law and, consistent with law, by the council.

(2)

The bond of the State Treasurer required from the State Treasurer by law shall be deemed to extend to the faithful performance of all functions of the office of investment officer.

(3)

The investment officer may:

(a)

Subject to any applicable provision of the State Personnel Relations Law, employ, prescribe the functions and fix the compensation of personnel necessary to facilitate and assist in carrying out the functions of the council and investment officer.

(b)

Require a fidelity bond of any person employed by the investment officer who has charge of, handles or has access to any investment funds, state money or property. The amounts of the bonds shall be fixed by the investment officer, except as otherwise provided by law, and the sureties shall be approved by the investment officer. The premiums on the bonds shall be an expense of the State Treasurer. [1967 c.335 §5]
§§ 293.701 to 293.776

Atty. Gen. Opinions

Effect of Board of Higher Education order directing divestiture of stock in companies doing business in Southern Africa, (1978) Vol 38, p 2017; State Treasurer authority to enter into reverse repurchase agreements, (1979) Vol 39, p 569; real estate holdings through investment for Oregon Public Employes' Retirement Fund, (1981) Vol 41, p 503; Statutory and fiduciary duties of treasurer and Or. Investment Council to PERF, (1993) Vol 46, p 506

Chapter 293

Atty. Gen. Opinions

Duty or authority of Secretary of State to conduct performance audits, (1985) Vol. 44, p 381


Source

Last accessed
Jun. 26, 2021