The New Mexico Public Regulation Commission said it’s reviewing i...
The New Mexico Public Regulation Commission said it’s reviewing its investment program for universal service fund balances in light of the current financial market uncertainty. The PRC told its investment manager, Solix Inc., to meet with the PRC staff…
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and the state Treasurer’s Office to discuss the current strategy of investing fund balances in conservative money market funds that deal in high-quality short-term debt, look at various possible options, and report back by Oct. 10. The fund in recent months has had an invested balance of around $14 million.