The Lorain County Investment Advisory Committee is established by Ohio Revised Code Section 135.341.
The committee consists of five members; three commissioners, the county treasurer and the clerk of the court of common pleas of the county.
This committee shall establish written county investment policies and shall meet at least once every three months, to review or revise its policies and to advise the investing authority on the county investments in order to ensure the best and safest return of funds available to the county for deposit or investment. Any member of the county investment advisory committee, upon giving five days’ notice, may call a meeting of the committee. The committee’s policies may establish a limit on the period of time that moneys may be invested in any particular type of investment.
The committee has authorized United American Capital Corporation to be the county’s investment advisor.