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Waupaca County board names depositories, tightens investment pledge rules
Summary
The Waupaca County Board unanimously adopted Resolution No. 45 (2021-2022) to designate county depositories and investment vehicles, name investment advisors, and require pledged securities or insurance covering at least 110% of uninsured invested funds; effective Feb. 26, 2022.
The Waupaca County Board of Supervisors unanimously approved Resolution No. 45 (2021-2022) at its Feb. 15, 2022 session, formally designating authorized county depositories and setting minimum protections for county investments.
The resolution, introduced and recommended by the county Finance Committee, names Farmers State Bank, Associated Trust Company and the State of Wisconsin Local Government Pooled Investment Fund (and the WISC Fund) among the acceptable places for county deposits. It also identifies PMA Securities and…
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