POOLED MONEY INVESTMENT BOARD - 7350-APR-2001

(Revised: 04/2001)

The Pooled Money Investment Board (PMIB) is comprised of the State Treasurer as chairperson, the State Controller, and the Director of Finance. The PMIB responsibilities include the following:

1. Designs an effective cash management and investment program to realize maximum return through safe and prudent investments of the State's idle money.
2. Designates the amount of money temporarily available for investment.