Section 383:23 Rulemaking. - New Hampshire Statutes

Prior to January 1, 1992, the commissioner shall, with the approval of the advisory committee, adopt rules, pursuant to RSA 541-A, relative to:
   I. Formulation of a disclosure policy and materials to be included in a prospectus and in periodic reports to participants, including:
      (a) A written statement of policy and pool objectives;
      (b) Investment objectives designed to meet the pool objectives;
      (c) A description of eligible investment instruments;
      (d) The credit standard of investment;
      (e) Allowable maturity range of investments;
      (f) The limits of portfolio concentration permitted for each type of security;
      (g) Safekeeping practices;
      (h) Definition of pool participant eligibility;
      (i) Disclosure of size of accounts, size of transactions and administrative costs; and
      (j) Instructions for establishing and utilizing accounts.
   II. Investment and administrative policies, practices and restrictions, including the frequency and method used for calculating valuation, yields and earnings.
   III. Requests for proposals from investment managers and criteria for reviewing such proposals.

Source. 1991, 268:1, eff. Aug. 9, 1991.