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West Linn updates investment policy as city’s reserves near LGIP cap
Summary
Council adopted an updated investment policy and hired Government Portfolio Advisors to help invest city funds outside the Oregon Local Government Investment Pool as reserves approach the statutory cap; staff plans initial investments in U.S. Treasury and agency securities.
West Linn City Council on March 17 adopted an updated investment policy and confirmed the city’s engagement with Government Portfolio Advisors (GPA) to begin investing some funds outside the Oregon Local Government Investment Pool (LGIP).
Lauren Bridal, finance staff, said the city had not updated its policy since…
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