7350 POOLED MONEY INVESTMENT BOARD
(Revised 4/01)
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:
- Designs an effective cash management and investment program to realize maximum return through safe nd prudent investments of the State's idle money.
- Designates the amount of money temporarily available for investment.
