Authorizes public bodies to enter into an intergovernmental agreement to pool bond proceeds or other funds into commonly managed investments without the oversight of the State Treasurer and the Oregon Investment Council.

Summary

Digest: The Act allows public bodies to agree to create pools of funds or proceeds to invest without help from the State Treasurer and the OIC. (Flesch Readability Score: 66.4). Authorizes public bodies to enter into an intergovernmental agreement to pool bond proceeds or other funds into commonly managed investments without the oversight of the State Treasurer and the Oregon Investment Council.