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:
|C. William Orndoff, Jr.
|Barbara O. Carraway
City of Chesapeake
|Fred W. Parker
|John J. Cusimano
|Larry K. Pritchett
Deputy Executive Director & CFO
Virginia Port Authority
|Ronald H. Williams
City of Suffolk
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.
Special Report: Debt Ceiling
In light of circumstances regarding the U.S. Government debt ceiling, we wanted to inform you that the Virginia SNAP portfolio currently does not hold U.S. Treasury securities maturing prior to December 31, 2023. For more information on the debt ceiling, please see the investment manager’s recent update here.
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