Question:
Can the association buy Us Treasury Bills with money’s held in reserve in the State of RI
– Joe
Answer:
Hi Joe,
Rhode Island law currently does not address whether or not an HOA may invest reserve funds. It is important to check your HOA’s governing documents to see if they permit this practice. When investing your reserves, you must keep three things in mind: safety, liquidity, and yield.
Here is an article you may find helpful: https://www.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
