2401 Colonial Drive, 3rd Floor
Helena, Montana
Thursday, March 11, 2004
AGENDA
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I.
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CALL TO ORDER |
1:00 p.m.
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A.
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Roll Call | ||
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B.
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Approval of the January 29, 2004 Regular Meeting Minutes | ||
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II.
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PUBLIC COMMENT |
1:05 p.m.
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A.
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Roll Call | ||||
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III.
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PRESENTATION - Dimensional Fund Advisors
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1:10 p.m.
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| Mr. Damon S. Fisher, Vice President & Regional Director | |||||
| Mr. Robert Deere, Vice President & Portfolio Manager | |||||
| Mr. David New, Vice President | |||||
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IV.
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CHIEF INVESTMENT OFFICER REPORTS - Jim Penner, CFA |
2:00 p.m.
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A.
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Economic Overview - Newsletter | ||||
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B.
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Asset Allocation | ||||
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C.
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Educational Opportunities/Conferences/Seminars | ||||
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D.
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Quarterly Investment Performance | ||||
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E.
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International Equity Investment Program Update | ||||
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F.
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Professional Development Policy Amendment | ||||
| V. | MONTANA LOAN PROGRAM - Delrene Rasmussen |
2:30 p.m.
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A.
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Consider Commercial/Multi-Family Loans | ||||
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1.
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The Lodge at Whitefish Lake LLC and NDI, Inc. | ||||
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2.
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Western Hospitality Group, LP. | ||||
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B.
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Coal Tax Loan Program Activity Report - January | ||||
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C.
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Coal Tax Portfolio Balance - December 2003 | ||||
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D.
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Delinquent List - Commercial Loans - December 2003 | ||||
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E.
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Pension Mortgage Program Activity Report - January | ||||
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F.
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Residential Loan Delinquencies - December 2003 | ||||
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G.
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Residential Loans in Foreclosure - December 2003 | ||||
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H.
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Value-Added, Infrastructure and IRP Loans Report - December 2003 | ||||
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I.
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Updated Commercial Loan Service Agreement |
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VI.
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EXECUTIVE DIRECTOR REPORTS - Carroll South
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3:00 p.m.
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A.
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Budget Status Report (Handout) | ||||
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B.
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Department of Revenue Loan | ||||
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C.
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Final INTERCAP Bond Resolution | ||||
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D.
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Out-of-State Travel Requests | ||||
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VII.
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BOND PROGRAM - Louise Welsh |
3:45 p.m.
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| A. | INTERCAP | ||||
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1.
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Activity Report | ||||
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2.
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Staff Approved Loan Requests | ||||
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3.
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Loan Requests | ||||
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VIII.
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INVESTMENT ACTIVITY - Equity |
4:00 p.m.
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| A. | Domestic Equities (Montcomp) - Rande Muffick, CFA | ||||
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1.
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Transactions - January | ||||
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2..
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Holdings Report | ||||
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3.
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Strategy | ||||
| B. | Montana Private Equity Pool (MPEP) - Ed Kelly | ||||
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1.
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Transactions - January | ||||
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2.
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Holdings Report | ||||
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IX.
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INVESTMENT ACTIVITY - Fixed Income |
4:30 p.m.
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| A. | Intermediate Funds - Rich Cooley, CFA | ||||
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1.
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Treasurer's Fund Transactions - January | ||||
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2.
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Treasurer's Fund Holdings Report | ||||
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3.
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State Fund Transactions - January | ||||
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4.
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State Fund Holdings Report | ||||
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5.
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Strategy | ||||
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6.
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Investment Policy Statements | ||||
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a.
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Montana Pole Superfund Site Settlement Fund | ||||
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b.
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Fish, Wildlife & Parks License Account | ||||
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c.
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Fish & Wildlife Mitigation Trust Fund | ||||
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d.
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Abandoned Mine and Reclamation Trust Fund |
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| B. | Long Term Funds - Bob Bugni, CFA | ||||
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1.
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Transactions - January | ||||
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2.
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Strategy | ||||
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3.
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Investment Policy Statements | ||||
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a.
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Coal Tax Park Trust Fund |
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b.
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Cultural Trust Fund |
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X.
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INVESTMENT ACTIVITY - FYI Items | ||||
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A.
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Montcomp Portfolio Additions | ||||
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1.
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Air Products & Chemicals | ||||
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2.
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Gilead Sciences | ||||
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3.
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Pepsico | ||||
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4.
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US Bancorp | ||||
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5.
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Compass Bancshares | ||||
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6.
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National Commerce Financial | ||||
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7.
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PNC Financial | ||||
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8.
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Washington Mutual | ||||
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B.
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STIP Transactions/Holdings Report | ||||
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C.
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Security Lending Report | ||||
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D.
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Market Perspectives | ||||
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E.
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External Active Manager Portfolio Holdings (Quarterly Only) | ||||
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F.
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Class Action | ||||
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G.
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Boyd Andrew Community Services |
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XI.
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ADJOURNMENT |
5:00 p.m.
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| The Board of Investments makes reasonable accommodations for any known disability that may interfere with a person's ability to participate in public meetings. Persons needing an accommodations must notify the Board (call 444-0001) or write to P.O. Box 200126, Helena, Montana 59620) no later than three days prior to the meeting to allow adequate time to make needed arrangements. | |||||