WSSC Water Adopts Amended Regulation for the Business Investment and Growth Program (BIG) to enable more banks the opportunity to participate in the BIG Program, including Minority Depository Institutions, and to expand the interest rate options on WSSC Water investments. On July 21, 2021, the Washington Suburban Sanitary Commission adopted revisions to Chapter 5.105 of the WSSC Code of Regulations - Local Business Investment and Growth (BIG) Program. The revisions to Chapter 5.105 of the Code of Regulations provide changes to the investment options for community banks who desire to participate in the BIG program. The change expands investment options to include Insured Demand Deposits with rates equal to various maturities of US Treasury Bills.
THE EFFECTIVE DATE OF THE REVISED REGULATION IS SEPTEMBER 1, 2021.