The Pooled Money Investment Board (PMIB) is the state entity responsible for managing the large pool of cash in the State General Fund and hundreds of other state funds. The PMIB provides investment advice for other sizeable state portfolios, such as the Kansas Department of Transportation and Health Care Stabilization funds. In addition, the board's responsibilities include the active management and administration of the Kansas Municipal Investment Pool (MIP). The board also has the responsibility of approving financial depositories for state and special moneys maintained and managed in demand deposit and interest-bearing accounts by many state agencies, such as Regents' institutions.
The goal of this board is to provide a market rate of return on investments, while keeping safety and liquidity as foremost objectives.
The Pooled Money Investment Board meets monthly. The next meeting is scheduled for February 23, 2006, at 1:30 p.m.
in the Landon State Office Building, 900 SW Jackson, Topeka, Suite 256.
The Pooled Money Investment Board (PMIB) / What is PMIB
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