Ill. Admin. Code tit. 74 § 719.330

Current through Register Vol. 48, No. 45, November 8, 2024

Section 719.330 - Investment Parameters

a) TDA IIa Investment - The Treasurer, in accordance with the Act, shall segregate a portion of the Treasurer's State investment portfolio that at no time shall be greater than 5% of the portfolio, in the TDA IIa, an account that shall be maintained separately and apart from other moneys invested by the Treasurer 5% of the State's investment portfolio shall be calculated as the greater of:.

1)the balance at the inception of the State's fiscal year; or

2)the average balance in the immediately preceding 5 fiscal years. [ 30 ILCS 265/11(a) ]

b) Reinvestment of Distributions - Distributions from the investments in TDA IIa may be reinvested into TDA IIa, not to exceed the original cost basis of the initial investments.

c) TDA IIa Excess Investments - In the event TDA IIa investments exceed 5% of the portfolio, as described in subsection (a), the Treasurer will, to the extent practicable, take reasonable steps to reduce the excess TDA IIa investments below the applicable threshold in a manner that will result in minimal negative financial impact.

d) TDA IIa Investment in Illinois Venture Capital Firms - In no case shall more than 15% of the TDA IIa account balance be invested in firms based outside of Illinois.

e) Cap on Investment in Individual Funds - The investment of the State Treasurer in any fund in which the State Treasurer places money under TDA IIa shall not exceed 15% of the total TDA IIa account balance.

Ill. Admin. Code tit. 74, § 719.330

Adopted at 43 Ill. Reg. 7003, effective 5/28/2019.