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Camden County to open LGIP account for SPLOST 9 proceeds and move impact fees to Pineland Bank to earn higher interest
Summary
The Camden County Board of Commissioners on June 3 authorized establishing a Local Government Investment Pool (LGIP) account to receive SPLOST 9 distributions and opening a Pineland Bank money‑market account to hold impact fees, citing higher returns and lower fees.
The Camden County Board of Commissioners on June 3 authorized two finance actions designed to keep SPLOST 9 proceeds and impact fees in interest‑bearing accounts that are separate from other county funds.
Nancy explained that state SPLOST 9 distributions must be kept separate and that a new Local Government Investment Pool (LGIP) account will be established to…
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