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Kathy Magruder

Jul 26, 2026

21:35
But of course, with the... investment team that we have in place with the policy and procedures, we do the requisite amount of due diligence to make sure we are responsible custodians of that money.
21:44
There is an investment oversight committee for the C3 funds.
21:49
It's 11 to 13 members at any given time.
21:55
That committee sets the parameters and approves the investments based on the analysis and the due diligence of the staff.
22:04
And they, early on in sort of framing the use of the funds, made it clear that they wanted to see a return on that investment to the fund as a priority.
22:14
So they dialed back the amount of grant funding they were allowing us to use and said we would see we would prefer to see the greater percentage of these funds be used in investments that pay back either in terms of interest fees or some type of equity.
22:29
So again, it's a transparent and open manner in which we do it.

10 MINS LATER

32:21
So I'm glad you're getting in on that and can see more there.

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