County commission creates investment committee
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Doña Ana County Treasurer Jim Schoonover will now have to work with an investment committee created Tuesday by the board of commissioners. The seven-member committee is similar to the state investment council. Its members will include Schoonover, Manager Brian Haines and members of the public. The commission also voted to lower the percentage of county funds that must be insured by banks wanting to do business with the county. Schoonover convinced commissioners earlier this year to change the number from 50 percent to 102 percent by telling them it was required by the state. Continue Reading