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___ (v) Obligations issued by states (other than the State of New York) of the United States in one of the three highest rating categories by at least one nationally recognized statistical rating organization. ___ (vi) Obligations of Puerto Rico rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. ___ (vii) Obligations of counties, cities and other governmental entities of a state other than the State of New York having the power to levy taxes that are backed by the full faith and credit of such governmental entity and rated in one of the three highest rating categories by at least one nationally recognized statistical rating organization. ___ (viii) Obligations of domestic corporations rated in one of the two highest rating categories by at least one nationally recognized statistical rating organization. ___ (ix) Any mortgage related securities, as defined in the Securities Exchange Act of 1934, as amended which may be purchased by banks under the limitations established by bank regulatory agencies. ___ (x) Commercial paper and bankers’ acceptances issued by a bank, other than the Bank, rated in the highest short-term category by at least one nationally recognized statistical r a t i n g organization and having maturities of no longer than 60 days from the date they are pledged. ___ (xi) Zero coupon obligations of the United States government marketed as “Treasury strips”. TOWN OF COLLINS PROCUREMENT POLICY- 2026 Resolution No. 2025 - 65 WHEREAS, General Municipal Law (GML) § 104-b requires every town to adopt internal policies and procedures governing all procurement of goods and services not subject to the bidding requirements of GML § 103 or any other law; and WHEREAS, comments have been solicited from those officers of the town involved with procurement; NOW THEREFORE, BE IT RESOLVED: that the Town of Collins does hereby adopt the following procurement policies and procedures: GUIDELINE 1. Every prospective purchase of goods or services shall be evaluated to determine the applicability of GML § 103. Every town officer, board, department head or other personnel with the requisite purchasing authority (hereinafter “Purchaser”) shall estimate the cumulative amount of the items of supply or equipment needed in a given fiscal year. That estimate shall include the canvass of other town departments and past history to determine the likely yearly value of the commodity to be acquired. The information gathered and conclusions reached shall be documented and kept with the file or other documentation supporting the purchase activity. GUIDELINE 2. All purchases of a) supplies or equipment which will exceed $20,000 in the fiscal year or b) public works contracts over $35,000 shall be formally bid pursuant to GML § 103. ORGANIZATIONAL MEETING TOWN OF COLLINS JANUARY 5, 2026 10