Advisory Board

The SNAP Program Investment Manager has appointed an Advisory Board of local government officials to provide consultation and advice to the Program. Members of the SNAP Program Advisory Board are:

Advisory Board

C. William Orndoff, Jr.
Treasurer
Frederick County

Fred W. Parker
Treasurer
Washington County

Larry K. Pritchett
Treasurer
Spotsylvania County

Ronald H. Williams
Treasurer
City of Suffolk

Rodney Oliver
Deputy Executive Director & CFO
Virginia Port Authority

Members of the SNAP Advisory Board do not serve on the Virginia Treasury Board and do not serve as directors or officers of the SNAP Fund, but may be employees of Virginia governmental entities that participate in the SNAP Program. SNAP Advisory Board Members receive no compensation for their services on the SNAP Advisory Board and do not have the authority to bind the Virginia Treasury Board or the Program.

IMPORTANT MESSAGE: Memorial Day holiday

IMPORTANT MESSAGE: Due to the Memorial Day holiday, the Fund will be closed on Monday, May 25, 2026.

New Self-Service Feature Available

You can now open subaccounts entirely online through Connect — no forms required!

This enhancement streamlines everyday account management and gives you more flexibility to organize, track, and manage funds directly within the portal.

Upcoming Educational Webinar

Join us on June 11, 2026, for our complimentary educational webinar, Demystifying the Fed: What Every Public Finance Professional Should Know. This one-hour session will offer a practical look at how Federal Reserve decisions shape the public‑sector investment environment.

Click here to register.

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On October 27, 2016, the SNAP Fund (“SNAP Fund” or “Fund”) was established as a local government investment pool. The Fund invests in securities permitted by Code of Virginia §2.2‐4500 et seq. and may hold deposits subject to Code of Virginia § 2.2‐4400 et seq. Additional information on the Fund’s investment policies can be found in the SNAP.

This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the investment objectives, risks, charges and expenses before investing in the Virginia State Non-Arbitrage Program (“SNAP^®” or the “Program”). This and other information about the Program is available in the SNAP^®Information Statement, which should be read carefully before investing. A copy of the SNAP^®Information Statement may be obtained by calling 1-800-570-SNAP (7627) or is available on the Program’s website at www.vasnap.com. While the SNAP^®Fund Portfolio seeks to maintain a stable net asset value of $1.00 per share, it is possible to lose money investing in the Program. An investment in the Program is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the SNAP^®Fund Portfolio are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Program. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.