The Treasury Board is a policy board in the executive branch of the State government established under Section 2.2-2416 of the Code of Virginia. The Government Non-Arbitrage Investment Act empowers the Treasury Board, among other things, (i) to provide assistance to Issuers in the management of and accounting for their funds, including, without limitation, bond proceeds, and the investment thereof, any portion of the investment earnings on which is or may be subject to rebate to the federal government, (ii) to establish one or more pools of their bond proceeds and other funds for investment and reinvestment in authorized investments, and (iii) to enter into contracts with independent investment managers, accountants, counsel, depository institutions and other advisors and agents and with Issuers with respect to the provision of investment and related services and advice.
Members of the Virginia Treasury Board include:
David L. Richardson, Chair
Lewis R. McCabe
|Craig M. Burns|
|Dr. Joshua Weed|
For more information about the Treasury Board or the Virginia Department of Treasury please visit www.trs.virginia.gov
The link above is to third-party website which is external to the Program's website, and as such is not controlled by the SNAP Program. Clicking on this link will open an additional window in your browser. You will not leave the SNAP website. The Program has not participated in the preparation of the material on this third-party website, and the Program does not explicitly or implicitly endorse or approve the information on the website.
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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