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House hearing examines bill to let school districts form their own investment pool
Summary
The House Committee on Revenue opened a public hearing March 25 on House Bill 2,515, which would allow local governments, including school districts, to form intergovernmental investment pools as an alternative to the State Treasurer’s short‑term pool.
The House Committee on Revenue opened a public hearing March 25 on House Bill 2,515, which would allow local governments — including school districts and education service districts — to enter into intergovernmental agreements to form their own investment pool rather than use the Oregon State Treasurer’s short-term local government investment pool.
Proponents told the committee the change is optional and aimed at giving districts tailored investment and technical supports. “The goal for us is to create an investment pool, a school pool, specifically designed for schools and education service districts to provide investment options,” Lori Satinspiel said during testimony supporting the bill.
Why it matters: witnesses said many school business offices receive large, lumpy state and local revenues (for example, much of the state school fund arrives in November and December) and need shorter‑term investment strategies matched…
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