STAR SMA
STAR SMA (State Treasury Asset Reserve Separately Managed Account) serves as an investment option for eligible Ohio government subdivisions and is managed and administered by the Ohio Treasurer’s office in addition to STAR Ohio.
In 2017, the General Assembly modified Ohio Revised Code Chapter 135 to authorize the Treasurer’s Office to invest Ohio government subdivision’s excess reserves in separately managed accounts that allow for a broader menu of investment options and a longer portfolio duration.
A government subdivision’s excess reserves is the amount of the subdivision’s public monies that exceed the three year average of the annual general operating expenses in the subdivision’s general fund balance as reported in their prior fiscal year’s financial report.
To learn more about STAR SMA, call the Treasurer’s office at 614-466-3511.