FINANCIAL_SERVICESONGOING

Somerset maintains funds in state MLGIP investment pool

The Town will continue using the Maryland Local Government Investment Pool for reserve investments in FY2027, expecting about $60,000 in interest at a projected 3.69% rate. PNC Bank administers this pool for local governments.

Status
ONGOING
Document date
April 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Maryland Local Government Investment Pool
Agency
Town of Somerset · MD

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WithersRavenel logo
Derivita logo
Comcate logo
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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
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Fiscal Year 2027
Renewal
Ongoing participation renewed implicitly each year; no specific end date identified.
Document type
Agenda
Source document
Town of Somerset Council Work Session Agenda April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Somerset?

Maryland Local Government Investment Pool was awarded this financial services contract by Town of Somerset, as recorded on April 20, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Town of Somerset Council Work Session Agenda April 2026 (Agenda), dated April 20, 2026 from Town of Somerset. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Maryland Local Government Investment Pool hold?

Maryland Local Government Investment Pool 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 Maryland Local Government Investment Pool's profile

What is Town of Somerset currently buying?

Explore Town of Somerset's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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