FINANCIAL_SERVICESONGOING

MST Invests Reserves In State LAIF Program

MST invests surplus cash in the State of California's Local Agency Investment Fund (LAIF), which held $25.38 million at the end of May 2026 and earned a 3.98% quarterly interest rate. The program provides a secure, liquid investment option for public funds.

Status
ONGOING
Document date
July 12, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Local Agency Investment Fund (laif)
Agency
Monterey-Salinas Transit · CA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Participation in LAIF is ongoing and does not have a fixed renewal date; MST can adjust balances as needed subject to state program rules.
Document type
AgendaPacket
Source document
Monterey-Salinas Transit District Agenda Packet 2026-07-13

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Monterey-Salinas Transit?

Local Agency Investment Fund (laif) was awarded this financial services contract by Monterey-Salinas Transit, as recorded on July 12, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Monterey-Salinas Transit District Agenda Packet 2026-07-13 (AgendaPacket), dated July 12, 2026 from Monterey-Salinas Transit. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Local Agency Investment Fund (laif) hold?

Local Agency Investment Fund (laif) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Local Agency Investment Fund (laif)'s profile

What is Monterey-Salinas Transit currently buying?

Explore Monterey-Salinas Transit's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Monterey-Salinas Transit's profile

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