Aug 13, 2026BoardMeeting
BoardFinance And Administration Committee Committee Meeting
The committee reviewed the status of the agency's financial asset investment portfolios, noting that they remain diversified and compliant with policy. Key discussions focused on the investment of significant settlement proceeds from litigation and the implementation of a laddered investment approach using various financial instruments. Additionally, the committee evaluated strategies for funding new debt service reserve funds, comparing the economic benefits of cash-funded reserves against surety insurance policies in preparation for upcoming bond issuance.