Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
EDC moves funds into Texas CLASS account to earn higher interest, staff reports
3340237 · May 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
EDC staff told the board that it opened a Texas CLASS account and moved funds into it to earn better interest than the checking account; staff said interest posts daily.
Susan, an EDC staff member, reported to the Economic Development Corporation that the EDC opened a Texas CLASS account and transferred funds into it to obtain higher interest earnings than the regular checking account.
The update matters…
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
30-day money-back on paid plans
