Torsella appointed for his record of prudent investment management and increased transparency
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella will serve as the 2020 Chair of the Pension & Trust Investment Committee at the National Association of State Treasurers (NAST).
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced that Treasury has received a request from the Office of the Budget to draw $650 million, at a variable interest rate equal to the SIFMA Swap Index plus 40 basis points, from the $1.5 billion line of credit authorized on November 1, 2019.
$500 million of $1.5 billion loan repaid by General Fund
Harrisburg, PA - Pennsylvania Treasurer Joe Torsella today announced the partial repayment of a $1.5 billion line of credit authorized on November 1, 2019 from Treasury’s Short Term Investment Pool (STIP) to the Commonwealth’s General Fund.
