ACTION ITEM: Consider Approval of the Resolution of the Board of Trustees of Elysian Fields ISD Stating Review of Investment Policy and Investment Strategies and Designation of Investment Officers The Texas Government code, Section 2256-Public Funds Investment Act ("Act") as amended, requires a local government to purchase, sell, and invest its funds in investments authorized by law and in complia

Staff Report & Agenda Item Details

X. ACTION ITEM: Consider Approval of the Resolution of the Board of Trustees of Elysian Fields ISD Stating Review of Investment Policy and Investment Strategies and Designation of Investment Officers The Texas Government code, Section 2256-Public Funds Investment Act ("Act") as amended, requires a local government to purchase, sell, and invest its funds in investments authorized by law and in compliance with the investment policies approved by the governing board. The Act also requires the governing body to review its investment policy and investment strategies not less than annually and designate one or more investment officers or employees as investment officers to be responsible for the investment of its funds. The attached resolution acknowledges that the Elysian Fields Board has reviewed the investment policies and strategies, CDA (Legal) and CDA (Local) which are included in the Board packet. The resolution also designates the Superintendent and Business Manager as the Investment Officers for the District.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.8/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).