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What investments are permissible?

The authorized permissible investments are listed in Section 32 of the MTSA.  Order No. 2018-003-CF lists additional items the Director has designated that may be used as permissible investments.  Please note:

  • Only cash in a federally insured depository financial institution may be utilized as a permissible investment.Cash on hand and cash in a foreign bank cannot be utilized to cover outstanding payment instruments.

  • Authorized delegate receivables are limited as follows: They must be payable in the ordinary course of business, pursuant to contracts that are not past due or doubtful of collection; the aggregate amount of authorized delegate receivables must not exceed 20% of total permissible investments; and the receivable from any 1 authorized delegate cannot exceed more than 10% of the total permissible investments.