Corporation.
(iv) On the same date that the money is redeposited pursuant
to paragraph (ii), the selected institution receives an amount
of deposits from customers of other financial institutions equal
to or greater than the amount of money initially invested
through the selected institution by the public corporation or
municipal authority.
(b) Nothing in subsection (a) shall be construed to
supersede or preempt other investment powers of public
corporations or municipal authorities as authorized by law.
(c) (1) Each local government investment trust or local
government investment pool that invests funds as provided for
under this section shall file with the Department of Community
and Economic Development, within one hundred twenty days of
completion of its fiscal year, an annual investment report for
the previous fiscal year. The report shall be made available to
the public, upon request, during normal business hours. Nothing
may prohibit the posting of the report on the Internet.
(2) The report shall provide all of the following:
(i) A listing of each investment authorized by this section
that was purchased during the fiscal year.
(ii) For each investment purchased, the listing must show
the issuer, date of purchase, maturity date, par amount, cost,
yield to maturity at the time of purchase, broker/dealer from
which the investment was purchased, if applicable, any
separately stated fees related to the purchase of the investment
and the name of the party receiving the fee.
(d) As used in this section, the following words and phrases
shall have the meanings given to them in this subsection unless
the context clearly indicates otherwise:
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