R2007-15 2007-02-12 RESOLUTION NO. R2007-15
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, ADOPTING AN AMENDED INVESTMENT POLICY AND
INVESTMENT STRATEGIES 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 strategies 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 strategies 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 is
attached hereto as Exhibit "A" and is hereby adopted as the Investment Policy of the City
effective immediately.
PASSED, APPROVED, AND ADOPTED this 12th day of February A.D., 2007.
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TOM REID
MAYOR
L`l . 1_ . j;
RESOLUTION NO. R2007-15
ATTEST:
UN NG/R
ITY CRETAR
APPROVED AS TO FORM:
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D RIN M. COKER
CITY ATTORNEY
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