Beaver Borough Council Meeting Agenda May 12, 2026
Beaver Borough Joins PLGIT With $500,000 Transfer
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Description
Beaver Borough Council approved Resolution 2026-04 to join the Pennsylvania Local Government Investment Trust (PLGIT) and authorized a one-time $500,000 transfer from the General Fund into the new PLGIT account. This action establishes a formal investment relationship for managing municipal funds.
Contract Details
Contract Amount
$500,000 initial transfer
Vendor
PENNSYLVANIA LOCAL GOVERNMENT INVESTMENT TRUST (PLGIT)
Agency
Town of Beaver, PA
Contract Type
FINANCIAL_SERVICES
Document Date
May 12, 2026
Renewal Info
Membership and investment account with PLGIT initiated via Resolution 2026-04; term and renewal conditions are governed by PLGIT program documents and are not specified in the agenda.
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