Pool Management 1. The Proposer will follow the requirements set forth in Statement No. 79 of the Governmental Accounting Standards Board (GASB). 2. The Proposer will preserve and maintain the value of the Pool investment at $1.00 per share. 3. The Proposer will conduct periodic cash flow analyses. 4. The Proposer will maintain pool historical records, forecasts and comparisons. 5. With the advice and consent of the State Treasurer and the Committee, the Proposer will recommend, establish, and track a performance benchmark or benchmarks appropriate to the Pool’s objectives. 6. The Proposer will provide compliance with applicable laws and the investment policy. 7. The Proposer will assume all data-management responsibilities for the Pool including providing timely, accurate data transmission. 8. If chosen as the Provider, the Proposer will be responsible for collecting the reasonable administrative costs the State Treasurer may incur in administering the Pool during the period of the contract. Duties to the State Treasurer and Committee 9. The Proposer will meet quarterly or as necessary via telephone or in person with the State Treasurer and Committee. 10. The Proposer will prepare and present reports at least quarterly, or more often if required, to the State Treasurer and Committee. 11. The reports to the State Treasurer and Committee will cover at a minimum the following areas and address their impact on the portfolio: a. Economic forecasts; b. Investment strategy and risks; c. Pool and participation levels; d. Status and resolution of any participant issues; e. Results of audits or any other internal or external evaluations material to the Pool’s financial position and operations; and f. Other information material to the Pool’s safety and soundness as the State Treasurer and Committee may reasonably require from time to time. 12. The Proposer will review proposed new products or propose alterations to investment policy or objectives when appropriate and submit them to State Treasurer and Committee for approval. 13. The Proposer will designate a sole point of contact (and make reasonable provisions for a backup contact) should the State Treasurer and Committee need to communicate directly with the Proposer.
