The Orion Township board voted Jan. 3 to amend the township investment policy, to allow treasurer Alice Young to be able to invest funds when there are favorable rates and surplus funds available.
At the previous meeting, the board approved contracting with the Diane Young of the Athena Group for investment consulting.
The board amended the policy, which previously implied that the board would have to approve all investments before they are made, to say that treasurer Young could invest the funds, and then report the action at the next regular township board meeting, at which time the board will confirm the authorization.