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Board adopts revised county investment policy; staff removes stock and crypto options and updates collateral and maturity language
Summary
Commissioners adopted a revised investment policy that clarifies roles, removes certain investment types and procedural language, and adds collateral language; staff said the county has not invested in stocks and sought to align practice with standard policy.
The Buncombe County Board of Commissioners on June 17 adopted an updated county investment policy that refines language on roles, permitted investments and internal controls.
County staff reviewed substantive edits to the policy, including replacing the term "securities" with the broader "investments," removing references to an investment…
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