PUBLIC NOTICE – Amending Chapter 41 of the Code of Putnam County Entitled “Deposit & Investment Policy” adopted by the Putnam County Legislature on October 6, 2020 by Resolution R#173
NOTICE IS HEREBY GIVEN that a public hearing will be held before the County Executive of the County of Putnam at Room 300 of the County Office Building, 40 Gleneida Avenue, Carmel, New York 10512 on the 28th day of October at 4:30 p.m. and again at 6:30 p.m. concerning:
A LOCAL LAW
Amending Chapter 41 of the Code of Putnam County Entitled “Deposit & Investment Policy” adopted by the Putnam County Legislature on October 6, 2020 by Resolution R#173.
This Local Law amends Section 41-5 by amending the list of banks and trust companies designated as official depositories and authorized for the deposit of monies by increasing the maximum deposit amount for Putnam County National Bank, for Tompkins Mahopac National Bank, and for PCSB Commercial Bank subsidiary of PCSB from $10,000,000 to $20,000,000; and by amending Section 41-10(A)(2) by increasing the maximum amount which can be invested by the Commissioner of Finance through a cash management program from $10,000,000 to $30,000,000.
Copies of the Local Law are available at the Office of the Putnam County Legislature, Room 313, 40 Gleneida Avenue, Carmel, New York 10512.
At the aforesaid time and place all persons interested in the subject matter thereof will be heard concerning same. Comments will also be accepted via regular mail submitted to the above referenced address, electronic mail to maryellen.odell@putnamcountyny.gov, and facsimile to (845)808-1901.
This Local Law shall take effect immediately.
Dated: October 13, 2020
Carmel, New York
Jennifer S. Bumgarner
Putnam County Attorney
