How To Invest
How To Invest
To participate in Virginia SNAP and invest in the SNAP Fund you must complete the following steps:
New Participants (first time investors):
Complete the following steps to join the SNAP Program
- Read the Information Statement and the Contract
- Contact a Program Representative to have your questions answered
- Have your governing body adopt the Sample Resolution or provide the Alternative Participation Agreement
- Complete the New Investor Application
- Complete the appropriate forms as listed below for Existing Participants
For revenue bond issues and other bond issues that involve a trustee
Complete the following forms/steps to open a new account
- Trusteed Account Application
- Provide a Program Representative with a copy of the applicable Trust Indenture/Agreement
- Schedule B – Trustee Verification Form
- Permissions Form
- Contact Record Form
- Schedule A – Bond Information Document (within 30 days of settlement)
Complete the following forms to open a new account
- Account Application
- Permissions Form
- Contact Record Form
- Schedule A – Bond Information Document (within 30 days of settlement)
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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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