FINANCIAL_SERVICESPENDING

County Weighs Enhanced SNAP Investment for Bond Proceeds

Northampton County reviewed an investment opportunity within the Virginia State Non-Arbitrage Program (SNAP) that could boost earnings on $42 million in bond proceeds from roughly $40,000 to $306,000 by July 2024. The Board referred the proposal to the County Treasurer for analysis with potential action in January.

Document date · December 6, 2021

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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 amount
$42 million (fund balance referenced); potential earnings increase from ~$40,000 to ~$306,000
Contract type
FINANCIAL_SERVICES
Contract term
December 2021 – July 2024 (investment period discussed)
Renewal date
2024-07-31
Renewal
Existing SNAP investment is in place; board considering revised investment allocation or strategy with formal approval anticipated at a later meeting.
Document type
Minutes
Source document
Northampton County Minutes Budget Amendments and Bond Information 2021-12-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Northampton County?

Virginia State Non-arbitrage Program (snap) was awarded this financial services contract by Northampton County, as recorded on December 6, 2021. The contract value is $42 million (fund balance referenced); potential earnings increase from ~$40,000 to ~$306,000.

How much is the Virginia State Non-arbitrage Program (snap) contract with Northampton County worth?

The Virginia State Non-arbitrage Program (snap) contract with Northampton County is valued at $42 million (fund balance referenced); potential earnings increase from ~$40,000 to ~$306,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Northampton County Minutes Budget Amendments and Bond Information 2021-12-06 (Minutes), dated December 6, 2021 from Northampton County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia State Non-arbitrage Program (snap) hold?

Virginia State Non-arbitrage Program (snap) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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