D.1 • WATER_DISTRICTEdwards Aquifer Authority (Bexar County)

Consider recommendation from the Finance/Administrative Committee to approve a final, one-year renewal and extension of a Public Funds Depository Services and Collateral Security Agreement with PNC Bank for central depository services.

Presented in: Edwards Aquifer Authority - Finance/Administrative Committee (January 23, 2024) on 2024-01-23

Official Roll-Call Vote

Restrains Gov't • 4.5/10 Impact Weight

PASSED (2 - 0)

“A motion was made by Director Persyn, seconded by Director Hoyt, the Finance/ Administrative Committee recommend the board adopt a resolution and order of the Edwards Aquifer Authority Board of Directors approving the renewal and extension of a contract between the EAA and PNC Bank for central depository services for the period March 1, 2024 through February 28, 2025 and authorizing the General Ma”

Matthew Hoyt

Director, District 9 (District 9)

YES

Russell Persyn

Director, District 13 (District 13)

YES

Staff Report & Agenda Item Details

A motion was made by Director Persyn, seconded by Director Hoyt, the Finance/ Administrative Committee recommend the board adopt a resolution and order of the Edwards Aquifer Authority Board of Directors approving the renewal and extension of a contract between the EAA and PNC Bank for central depository services for the period March 1, 2024 through February 28, 2025 and authorizing the General Manager to execute the contract. The motion passed without opposition.

Bastiat Liberty & Property Rights Analysis

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 4.5/10). 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.