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Freestone County hears investment-pool pitch; investment policy tabled
Summary
A representative from Motal Securities described public-sector investment pools TexSTAR and TexPool and recommended considering TexSTAR as an option. The court reviewed quarterly reports, tabled an update to the county's investment policy and approved a two-year bank depository contract starting June 1, 2025.
A representative of Motal Securities told the Freestone County Commissioners Court that local government investment pools operate "like a high yield savings account that's only counties, cities, and school districts are allowed to utilize them," and urged the court to consider adding TexSTAR as an investment option.
The presentation, delivered during the court's general business, explained three principles the speaker said are central to pools: preservation of capital, daily liquidity and typically…
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