Section 719.330  Investment Parameters

a)         TDA IIa Investment − The Treasurer, in accordance with the Act, shall segregate a portion of the Treasurer's State investment portfolio that at no time shall be greater than 5% of the portfolio, in the TDA IIa, an account that shall be maintained separately and apart from other moneys invested by the Treasurer. 5% of the State's investment portfolio shall be calculated as the greater of:

1)         the balance at the inception of the State's fiscal year; or

2)         the average balance in the immediately preceding 5 fiscal years. [30 ILCS 265/11(a)]

b)         Reinvestment of Distributions − Distributions from the investments in TDA IIa may be reinvested into TDA IIa, not to exceed the original cost basis of the initial investments.

c)         TDA IIa Excess Investments − In the event TDA IIa investments exceed 5% of the portfolio, as described in subsection (a), the Treasurer will, to the extent practicable, take reasonable steps to reduce the excess TDA IIa investments below the applicable threshold in a manner that will result in minimal negative financial impact.

d)         TDA IIa Investment in Illinois Venture Capital Firms − In no case shall more than 15% of the TDA IIa account balance be invested in firms based outside of Illinois.

e)         Cap on Investment in Individual Funds − The investment of the State Treasurer in any fund in which the State Treasurer places money under TDA IIa shall not exceed 15% of the total TDA IIa account balance.