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12 • FINANCIALSouth Texas Water Authority (Kleberg County)

STWA Investment Policies:

Presented in: Board of Directors Regular Meeting - September 24, 2024 on 2024-09-24
Meeting Agenda PDF

Official Roll-Call Vote

Restrains Gov't • 2.7/10 Impact Weight
PASSED (10 - 0)
“Motion to approve STWA Investment Policies:”
BB
Brandon Barrera
President
YES
JM
YES
IG
Imelda Garza
Secretary/Treasurer
YES
FG
Frances Garcia
Vice-President
YES
AN
YES
JM
Joe Morales
Director, Place 3
YES
DM
Daniel Morales
Director, Place 4
YES
AR
Arturo Rodriguez
Director, Place 5
YES
PA
Patsy A. Rodgers
Director, Place 1
YES
TL
Tanya Lawhon
Director, Place 2
YES

Staff Report & Agenda Item Details

STWA Investment Policies: a) South Texas Water Authority General Fund b) South Texas Water Authority Debt Service Fund c) South Texas Water Authority Capital Projects Fund Mr. Marez informed the Board that review and approval of STWA's Investment Policies is required every year and added that there have been no changes to the Policies since last year. He recommended adoption of Resolutions 24-21, 24-22 and 24-23 approving the STWA General Fund, Debt Service Fund and Capital Project Fund Investment Policies.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.7/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.