West Virginia Money Market Pool is a money market portfolio created to invest the majority of the state and local government operating funds. The objective of the portfolio is to maintain sufficient liquidity to meet the needs of the participants while striving to earn a small return above inflation. The risk factor is low and managed through numerous maturity restrictions, diversification, guidelines, and credit limits. Contributions and withdrawals are allowed daily and income is distributed on a daily basis. The pool is rated AAAm by Standard & Poor’s.
West Virginia Government Money Market is a money market portfolio created to invest moneys in U.S. Treasury securities and U.S. Government Agency obligations. The objective of the portfolio is to maintain sufficient liquidity to meet the needs of the participants while striving to earn a small return above inflation. The risk factor is low and managed through maturity restrictions. Contributions and withdrawals are allowed daily and income is distributed on a daily basis. The pool is rated AAAm by Standard & Poor’s.
West Virginia Short-Term Bond Pool is a bond mutual fund which was created to invest moneys of participants which have a perceived longer term investment horizon. The goal of the portfolio is to earn incremental returns over the West Virginia Money Market Pool with an objective of capital growth rather than current income. The portfolio is restricted to monthly contributions and withdrawals and calculates a per-unit price each month. The risk factor on this portfolio is higher than the West Virginia Money Market Pool.
State Loan Pool is composed of loans made to the West Virginia Economic Development Authority (EDA) and the cash necessary to fund loan draws. Cash held in the pool is invested in a Treasury and agency money market fund. There are currently only two active loan programs: the Revolving Loan and Broadband Loan program. Loan programs are created through authorization by the West Virginia Legislature. The State is the sole participant in this Pool. The Directors of the BTI shall bear no fiduciary responsibility with regard to any of the loans contemplated under §12-6C-11.
West Virginia Bank Pool is a Certificate of Deposit pool established to invest state dollars in West Virginia banks. The BTI utilizes an online auction to allow competitive bidding for West Virginia CD’s. The WVBTI CD Placement Program is designed to provide approved State Depositories the opportunity to interactively compete for State of West Virginia investment dollars.
Reserve Pool was created to provide an added layer of security for the WV Money Market and WV Government Money Market Pools. The objective of the pool is to provide support for the WV Money Market and WV Government Money Market Pools to ensure the net asset level does not fall below .9975. Allocations to the Reserve Pool will be determined by the Chairman.
Municipal Bond Commission Fee Account is governed by State Code §13-3-7 as it relates to Permissible Securities, limitations on purchase, sale or exchange of Securities, interest, and custody of Securities.
School Fund was created to maintain irreducible $1 Million principal as defined in Code §18-9A-16.
Economic Development Authority – American Woodmark : In accordance with Code §31-15-23, the EDA-AW Pool invests excess funds received by appropriation or other funds which the Economic Development Authority directs to be invested.