Troy, NY Local Development Corporation Audit & Finance Committee Meeting Agenda 2026-05-01
Board reviews collateralization of M&T investment funds
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Description
The Troy, NY Local Development Corporation is working with M&T regarding an investment account holding bond-related funds, seeking documentation to confirm adequate collateralization of a large deposit. The board will also update its investment policy to address similar situations in the future.
Contract Details
Vendor
M&T
Agency
City of Troy, NY
Contract Type
FINANCIAL_SERVICES
Document Date
May 1, 2026
Renewal Info
Ongoing banking relationship; board intends to update investment policy governing such accounts.
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