Does Your City Need To Park ARPA Funds For the Short Term?
Since HB 69 passed in 2019, cities across Kentucky are updating their investment policies to allow for equities and high-quality corporate bonds in their portfolios. Now is the perfect time to join the KLC Investment Pool (KLCIP) where your ARPA funds can work for you by earning interest based on your city’s investment strategies.
KLCIP is another member-focused service from KLC. KLCIP accounts are managed by PNC Institutional Asset Management who works directly with KLC members to develop a solid investment strategy while remaining compliant with Kentucky statutes.
Considerations for your city:
It’s a good time to join the KLC Investment Pool. Learn more.