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Session Laws

1985

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CHAPTER 552 AN ACT EXPANDING INVESTMENTS OF STATE LOTTERY FUNDS.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 38 of chapter 29 of the General Laws, as appearing in the 1984 Official Edition, is hereby amended by inserting after the second paragraph the following paragraph:-

The state treasurer may also purchase with a portion of the said State Lottery Fund, bonds, notes, shares in combined investment funds or other interest bearing obligations in accordance with the standards set forth in subdivision (3) of section twenty-three of chapter thirty-two.

Approved December 4, 1985.