19-7.011. Rate of Return Calculation

Effective on Sunday, September 5, 2010

1The Rate of Return for the Local Government Surplus Funds Trust Fund shall be calculated in accordance with the yield methodology set forth by the Securities and Exchange Commission (SEC) Rule 2a-7 33(3417 CFR §270.2a-737) under the Investment Company Act of 1940 45for money market funds. Rule 2a-7 can be obtained by accessing the SEC website 59at sec.gov 61and clicking on the Laws & Regulations section. For the purposes of comparing the yield of the Local Government Surplus Funds Trust Fund to that of a performance benchmark for participant reporting, a net-of-fees methodology will be utilized for all reporting periods for both the Local Government Surplus Funds Trust Fund and the performance benchmark.

116Rulemaking Authority 118218.405, 119218.412 FS. 121Law Implemented 123218.409(4) FS. 125History–New 8-24-82, Formerly 19-7.11, Amended 4-8-92, 3-26-02, 9-5-10.

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