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Board authorizes purchase of short-term U.S. Treasury bills totaling $2.9 million
Summary
Rankin board authorized the treasurer to purchase 13-week U.S. Treasury bills on or after Nov. 24, 2025: Education Fund $2,000,000; Building Fund $300,000; Transportation Fund $600,000 — a total of $2.9 million.
The Rankin School District #98 board authorized its treasurer to invest district funds in 13-week U.S. Treasury bills on or after Nov. 24, 2025, allocating $2.0 million from the Education Fund, $300,000 from the Building Fund and $600,000 from the Transportation Fund.
Member Debbie Lowman moved the authorization and Member Peter Bacon seconded. The motion passed on a 5-0 roll-call vote. Board minutes record the explicit dollar amounts and the permitted purchase window starting Nov. 24, 2025.
Administrators did not record further discussion in the minutes about expected yields or duration of holding; the motion authorizes purchase and leaves investment execution to the treasurer in accordance with district policy and cash-flow needs.
