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IDA names depositories, sets 2025 mileage rate and meeting schedule
Summary
The board designated official banks and NYCLASS for deposits, set the IRS mileage rate for 2025 at 70¢ per mile, named The Record (New York) as the official newspaper and scheduled regular meetings for 3 p.m. on the third Wednesday at Green Island Municipal Center.
The board designated a set of official depositories for IDA funds — including Catskill Hudson Bank (pending merger with Hudson Valley Credit Union), Pioneer Commercial Bank, Bank of America, Niagara Financial Group, Bank of New York Mellon, M&T Bank, JPMorgan/Chase and NYCLASS — and approved the designations by motion.
The board also set the official mileage reimbursement rate at the IRS rate for 2025, 70¢ per mile, by motion. The Record (New York) was designated as the official newspaper for legal notices. Finally, the board set the time and place of regular meetings: 3 p.m. on the third Wednesday of each month at the Green Island Municipal Center, 19 George Street, Green Island.
Each of the administrative items was approved by voice vote and recorded in the meeting minutes.
