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Bear River council directs up to $500,000 into cooperative liquidity account
Summary
The council approved Resolution 25-15, authorizing up to $500,000 to be placed in a Wyoming Cooperative Liquid Asset Security Systems account as a treasury management action during the Dec. 9 meeting.
At its Dec. 9 meeting, the Town of Bear River council adopted Resolution 25-15, directing up to $500,000 to be placed in an account with the Wyoming Cooperative Liquid Asset Security Systems as part of municipal cash-management procedures.
Speaker 2 introduced the second reading of the resolution; Speaker 3 moved to approve and Speaker 5 seconded the motion. The council voted 'Aye' and approved the directive. The transcript records the motion text as authorizing up to $500,000 to be placed in the cooperative liquidity account but does not specify the source of those funds or an investment term.
No roll-call vote or additional spending details were recorded in the transcript; staff did not provide a breakdown of which funds would be transferred or timelines for placement.
