Office of the Superintendent of Schools
Office of Finance and Operations
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Consideration And Approval Of A Resolution Authorizing An Investment Agreement With Argent Institutional Trust Company For Small Business Administration Loan Pool Repurchase Agreements
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The administration seeks School Board approval for the district to participate in an investment program with Argent Institutional Trust Company involving Small Business Administration (SBA) Loan Pool Repurchase Agreements. It is recommended that the School Board approves the attached resolution to provide the district with an additional investment option emphasizing safety and liquidity. Approval of the attached resolution is required for the district to proceed with the investment of funds. This agreement is an approved investment instrument in compliance with the district’s Cash Management and Investment Policy and the Public Funds Investment Act.
Attached is the resolution authorizing participation with the Argent Institutional Trust Company in an SBA Loan Pool Repurchase Agreement program.
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COST/FUNDING SOURCE(S): |
None |
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STAFFING IMPLICATIONS: |
None |
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THIS ITEM DOES NOT ESTABLISH, MODIFY, OR DELETE BOARD POLICY.
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RECOMMENDED: That the School Board approves the attached local government investment pool resolution to provide the district with an additional investment option emphasizing safety and liquidity, effective October 10, 2025.