City of Malden - File #: 326-23

• File #: 326-23
• Version: 1
• Type: Order
• Status: Passed
• File created: 9/13/2023
• In control: City Council
• On agenda: 9/19/2023
• Final action: 10/24/2023
• Title: Order: That the City Council accept the provisions of M.G.L. c. 203C, the Massachusetts Prudent Investor Act, and adopt the local option allowing Municipal Treasurers to apply the Prudent Investor Rule to optimize returns on trust fund monies.
• Sponsors: Carey McDonald

Date	Ver.	Action By	Action	Result
10/24/2023	1	City Council	adopted	Pass
10/17/2023	1	Finance Committee	recommended favorably	Pass
10/3/2023	1	Finance Committee	tabled	Pass
9/19/2023	1	City Council	referred	Pass

Title

Order: That the City Council accept the provisions of M.G.L. c. 203C, the Massachusetts Prudent Investor Act, and adopt the local option allowing Municipal Treasurers to apply the Prudent Investor Rule to optimize returns on trust fund monies.