Suffolk Country, NY, Proposes Local Government Investment Pool Says NewsDay

Jul 14 07

Suffolk Country, NY, Proposes Local Government Investment Pool Says NewsDay. Suffolk County Executive Steve Levy proposed that "county, towns and school districts aggregate their revenues of up to $5 billion annually". New York "state law would have to be changed to permit the state to invest local municipalities' money" says the article. New York remains one of the few states that don't allow LGIPs or money market mutual funds for municipalities' cash investments.

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