Section 740.300  Treasurer Responsibilities

The Treasurer is responsible for overseeing the management of IPTIP and will perform the following:

a)         review the eligibility of public agencies prior to enrollment;

b)         establish enrollment, quality control and maintenance requirements and processes;

c)         establish terms and conditions;

d)         establish customer service processes;

e)         determine the administrative fees paid from earnings of IPTIP in accordance with Section 330;

f)         notify all participants of any increase in the administrative fee above 5 basis points, in accordance with Section 330;

g)         provide investment management services through the use of authorized securities to achieve investment returns for the participants;

h)         procure any necessary custodial, investment, or banking services administered through IPTIP;

i)          retain documents in compliance with State statutes, including the State Records Act [5 ILCS 160], the State Records Commission administrative rules (44 Ill. Adm. Code 4400) and the Treasurer's Application for Authority to Dispose of State Records (Application 98-02M), approved by the State Records Commission;

j)          provide administrative accounting; and

k)         other tasks necessary to administer IPTIP.