Investment representative briefs commissioners on TexSTAR and LOGIC local government pools
Summary
An investment representative described TexSTAR and LOGIC as liquid, government-only investment pools offering yields above current checking rates; commissioners heard about rates, liquidity and customer service but did not take action.
An investment representative briefed Freestone County Commissioners on TexSTAR and LOGIC, two local-government investment pools that hold U.S. Treasuries and agency securities and provide liquidity for public funds.
The representative explained that the pools are designed as high-yield, government-only cash alternatives that comply with the Texas Public Funds Investment Act. He said TexSTAR currently pays about 4.31% and LOGIC about 4.41% and emphasized same-day liquidity when orders are received before the pools' cutoff time. He also compared user interfaces and customer service, saying LOGIC offered higher rates and a more user-friendly service and that his firm provides localized customer support for East Texas clients.
Why it matters: Placing county cash in a government investment pool can increase yield on idle funds while maintaining liquidity and preserving capital for county operations and payroll.
Next steps: Commissioners received the presentation and could consider moving funds into a pool later; no motion or vote on fund transfers was recorded in the transcript.
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