R2018-187 2018-11-12 RESOLUTION NO. R2018-187
A Resolution of The City Council of the City of Pearland, Texas, adopting an
Amended Investment Policy, Investment Strategy and approved Brokers in
accordance with Chapter 2256 of the Government Code ("Public Funds
Investment Act").
WHEREAS, the Public Funds Investment Act codified in Government Code Chapter 2256
governs local government investment; and
WHEREAS,the Public Fund Investment Act(Section 2256.005a), as amended, requires the
City to adopt an Investment Policy and Investment Strategy by rule, order, ordinance or resolution
governing the investment of funds under its control; and
WHEREAS, the Public Fund Investment Act (Section 2256.005e), requires the governing
body to review and adopt that Investment Policy and Investment Strategy by rule, order, ordinance
or resolution not less than annually, recording any changes made thereto; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That the City of Pearland has complied with the requirements of the Public
Funds Investment Act and the Investment Policy. The modified Investment Policy, Investment
Strategy and approved Brokers attached hereto are hereby adopted effective immediately.
PASSED, APPROVED, AND ADOPTED this 12th day of November, A.D., 2018.
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TOM RE-11)D
MAYOR
ATTEST:
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APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY