Part of the debate – in the Senedd at 5:18 pm on 26 March 2019.
Can I just say thank you very much to the Constitutional and Legislative Affairs Committee for its help in this matter? It is important that local authorities have access to a range of investment options to maximise their income, including investing surplus funds on a short-term basis. We do expect all local authorities to balance risk and return of investment in line with the treasury management policies. Suzy Davies very kindly confirmed the points. We agree with those points and we have relaid the explanatory memorandum. I'm grateful. Diolch, Llywydd.