. >> i work for policy for investments was originally approved -- reoriginally approvd in 2006. we did the review back and they come up the state's commission on debt and investments, they are little behind in getting their annual updates up, so by adopting their annual update for 2011 at this time, and then getting ourselves on their annual schedule for 2012, we will look at the investment policy again next fall. that will line up better with their schedules. the updates they released in 2011 are fairly minor in nature. they change their ratings of different investments you are allowed to invest in as a public agency. they also took away some of the previous restrictions they have in place on percentage of portfolio. that is the reason why i wanted to incorporate the june -- the changes sooner rather than later. the main restriction they had was limiting 10% of your portfolio to being held in a bank account. that often required a lot of transferring back and forth. this offers more flexibility and a little bit of more cash flow flexibility. i can answer any more questions. supe