NOTICE IS HEREBY GIVEN that a public hearing will be held before the County Executive of the County of Putnam at Room 300 of the County Office Building, 40 Gleneida Avenue, Carmel, New York 10512 on the 25th day of May, 2022 at 4:30 and 6:30 p.m. concerning:

A LOCAL LAW

Amending Chapter 41 of the Code of Putnam County entitled “DEPOSIT AND INVESTMENT POLICY” which was adopted by the Putnam County Legislature on May 3, 2022, by Resolution #95.

This Local Law Amends Section 41-8 of the Putnam County Code entitled “PREMITTED INVESTMENTS” by further expanding the types of investment options available to Putnam County as per the July 2021, change to the New York State General Municipal Law.

And Amends Section 41-10 of the Putnam County Code entitled “PURCHASE OF INVESTMENTS” by adding a new subdivision (A) (2) (c) which adds J.P. Morgan Securities LLC, as a new approved cash management program.

Copies of the Local Law are available at the Office of the Putnam County Legislature, Room 313, 40 Gleneida Avenue, Carmel, New York 10512.

At the aforesaid time and place all persons interested in the subject matter thereof will be heard concerning same.  Comments will also be accepted via regular mail submitted to the above referenced address, electronic mail to This email address is being protected from spambots. You need JavaScript enabled to view it.  and facsimile to (845)808-1901.

This Local Law shall take effect immediately.

Dated: May 11, 2022

Carmel, New York

Jennifer S. Bumgarner

Putnam County Attorney