HomeMy Public PortalAboutResolution No. 317-08 02-26-2008 RESOLUTION N0.31'7-08
A RESOLUTION APPROVING A CITY OF RICHLAND HILLS
INVESTMENT POLICY
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as
the "Public Funds Investment Act," required the city to adopt an investment policy
by rule, order, ordinance, or resolution; and
WHEREAS, the Public Funds Investment Act requires the treasurer; the chief
financial officer, if not the treasurer; and the investment officer of the city to
attend investment training; and
WHEREAS, the City of Richland Hills approves of the investment training
courses sponsored or endorsed by the Government Finance Officers Association
of Texas, the Government Treasurers Organization of Texas, the Texas
Municipal League, and the North Central Texas Council of Governments; and
WHEREAS, the treasurer; the chief financial officer, if not the treasurer; and the
investment officer have attended an investment training sponsored by the North
Central Texas Council of Governments and the Government Finance Officers
Association of Texas, as required by the Public Funds Investment Act; and
WHEREAS, The City Council has reviewed the attached investment policy and
the City's investment strategies, as required by law; and
WHEREAS, the attached investment policy and incorporated revision comply
with the Public Funds Investment Act, as amended, and authorize the investment
of city funds in safe and prudent investments.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Richland Hills:
That the City of Richland Hills has complied with the requirements of the
Public Funds Investment Act, as amended, and the attached investment policy is
hereby adopted as ~ the investment policy of the city effective
2008. The following changes to the investment policy and
investments strategies were made: none.
PASSED, ADOPTED AND APPROVED by the City C uncil of the City of
Richland Hills this the kb.., day of ~ ,
2008.
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APPR ED: ,~,~`~Q` . yj %At st: ,
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ayor ~ ~ -Secretary
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