SELECT COMMITTEE ON CAPITAL FINANCING AND INVESTMENTS

Standard Budget:             $22,800.00 (for the upcoming interim, with the budget to be reduced to the committee's standard budget for the next interim).

Priority #: 1         Statutory Responsibilities

The Select Committee on Capital Financing and Investments is charged by statute with monitoring the establishment and implementation of the state's investment and capital financing policies.  The Committee will also review both the spending policies and investment earnings revenue guarantees.

Priority #: 2         Investment Policy on Other Funds

Contingent upon the outcome of the November 2016 constitutional ballot question (2015 SEJR 1), the Committee will consider legislation for implementation of the expanded investment options for non-permanent funds.

Priority #: 3         Exploration of Loss Reserve

Review and consider the need and benefits of establishing a loss reserve or write-down of under-performing investments.

Priority #: 4         Uniform Investment Trust Act and Yale Investment Policy

Review and consider the interaction between the Uniform Investment Trust Act and the Yale Investment Policy as each applies to the investment of state permanent funds.

Priority #: 5         Disaggregation of Investment Policies

Review and consider disaggregation of investment policies, by fund purpose, and any systemic impediments to address and recognize differing fund purposes.

Priority #: 6         Fixed Income Investment Policy

Examine historical fixed income positions as well as future allocations in light of the investment environment going forward and in context with the State's investment policies.

Priority #: 7         Equity Investment Policy

Examine historical equity positions as well as future allocations in light of the investment environment going forward and in context with the State's investment policies.

Priority #: 8         Committee scheduling

In light of the enhanced proposed workload of the Select Committee on Capital Financing and Investments, the Committee requests sufficient funds to meet for three, one-day meetings during the 2016 interim, rather than the traditional single meeting.

Meeting Schedule
3 – 1 day meetings