Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears update on investment-policy language after state clarification on agency securities
Summary
Staff reviewed proposed updates to the City of Franklin investment policy (Resolution 2025-47), explaining a recent change in state statute clarified local governments may purchase U.S. agency securities; the committee discussed the clarification but did not vote because there was no quorum.
City of Franklin staff reviewed a proposed amendment to the city's investment policy for non-pension assets (Resolution 2025-47), explaining that recent state-level clarification permits local governments to hold or purchase certain U.S. federal agency securities and that the policy language is being updated to reflect current Tennessee guidance and internal delegation of authority. The committee discussed the update but did not vote because there was no quorum.
Margaret introduced the item…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
