The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 3 V.S.A. § 604)
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§ 604. Investment of funds in the Trust
The Treasurer shall invest the amounts on deposit in the Trust in a manner reasonable
and appropriate to achieve the objectives of the Trust, exercising the discretion
and care of a prudent person in similar circumstances with similar objectives. The
Treasurer shall give due consideration to the rate of return, risk, term or maturity,
and liquidity of any investment; diversification of the total portfolio of investments
within the Trust; projected disbursements and expenditures; and the expected payments,
deposits, contributions, and gifts to be received. The Treasurer shall not invest
directly in obligations of the State or any political subdivision of the State or
in any investment or other fund administered by the Treasurer. The assets of the Trust
shall be continuously invested and reinvested in a manner consistent with the objectives
of the Trust until disbursed for eligible expenditures or expended on expenses incurred
by the operations of the Trust. (Added 2023, No. 184 (Adj. Sess.), § 17, eff. July 1, 2024.)