32 V.S.A. § 432 — Management of invested State money

In the management of funds and securities belonging to the State or held in the Treasury,
with approval of the Governor, he or she may change the form of investment thereof
by exchange of securities or by sale and reinvestment of the same, as may be required
for the safety and permanent security of such funds; may collect accruing interest
and reinvest the same; and may collect, enforce payment of, and reinvest all maturing
securities and obligations and, for such purposes, may make legal transfers of the
title of the same. (Amended 2007, No. 121 (Adj. Sess.), § 26.)